Quote:
Originally Posted by justjim
I respectfully disagree that build-out on new homes is 5-10 years out. The Developer is currently building over 300 new homes a month and is ratcheting up the number each month.
There is only so much land available that is contiguous to TV. My predication is build-out of new homes with come in the next 3 years----maybe sooner if the Developer is unable to purchase some smaller parcels (less than 1,000 acres) at reasonable prices. Resales will always be available and development of commercial property will continue for several years.
|
As usual JustJim is SO right.
Many folks nearby that
HOPE to sell their land have
unreasonably high prices on the parcels. The Developer can only hold steady on his prices, and keep his margin if he continues to buy land at the prices that he has done or close to them.