Quote:
Originally Posted by dillywho
They are right. Until the no-sale clause was put in, several people bought/built multiple houses and then turned them for a profit in less than a year. That was totally counter-productive for the developer. Makes perfect sense to not set up competition with yourself.
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That is true but speculators are the reason so many condos sat vacant and foreclosed in South Florida. It not only protects the developers investment but ours as well.