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Old 04-16-2014, 10:12 AM
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perrjojo perrjojo is offline
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Quote:
Originally Posted by dillywho View Post
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.
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.