McLean Custom Home Builder Files for Bankruptcy

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don’t have sympathy for the builder but the complaint in the underlying litigation )that apparently triggered the bankruptcy filing) also makes the clients seem like impossible people to deal with — hard to feel too bad for people complaining about changes to a six-car garage or the view from their loggia. Seems like they bought a tough lot to build on (due to setback and environmental requirements) and had impractical expectations for their house, and that the builder did a poor job of recognizing the limitations until they were $100l+ into the project.

sounds like the builder chimed in

I wrote that prior post. Not the builder. Just someone who took the time to read all of the court filings.

[Anonymous]

You find it sad? This guy stole millions of dollars and was calculated as the devil. He stole $100,000+ from many, many people. Feel sad for us. Not joy and that’s not even his real name. Crook.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You find it sad that a biulder overextended themselves financially? I don’t find that sad, I find it to be poor business decisions. So many builders are floating a ton of lots right now that they cannot sell. They got greedy assuming this areas building/sales market would never dip.

All the lots sold around us are being built, none is sitting, but there is also a glut of new homes over 4m and they aren’t selling. IDK what’s going to happen to all these builders who have completed their homes and have others in the pipeline, but people aren’t buying at these prices.

Does it also mean that people will soon start buying older homes that used to be tear downs and remodeling them instead?

I hope not all these older homes were meant to be temporary and are all teardown

? What era are you referring to? Maybe 70s/80s, but the 20s-50s houses around here are all built to last and built much better than anything being done now

[Anonymous]

Anonymous wrote:Bankruptcy is a strategic tool used by rich people who don't care about screwing over others.

+1

[Anonymous]

Anonymous wrote:You find it sad? This guy stole millions of dollars and was calculated as the devil. He stole $100,000+ from many, many people. Feel sad for us. Not joy and that’s not even his real name. Crook.

What's his real name?

[Anonymous]

Anonymous wrote:

Anonymous wrote:You find it sad? This guy stole millions of dollars and was calculated as the devil. He stole $100,000+ from many, many people. Feel sad for us. Not joy and that’s not even his real name. Crook.

What's his real name?

Jim Crooks

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You find it sad that a biulder overextended themselves financially? I don’t find that sad, I find it to be poor business decisions. So many builders are floating a ton of lots right now that they cannot sell. They got greedy assuming this areas building/sales market would never dip.

All the lots sold around us are being built, none is sitting, but there is also a glut of new homes over 4m and they aren’t selling. IDK what’s going to happen to all these builders who have completed their homes and have others in the pipeline, but people aren’t buying at these prices.

Does it also mean that people will soon start buying older homes that used to be tear downs and remodeling them instead?

I hope not all these older homes were meant to be temporary and are all teardown

? What era are you referring to? Maybe 70s/80s, but the 20s-50s houses around here are all built to last and built much better than anything being done now

ITA, most of midcentury builds are all solid brick. They need work to make them look more attractive, especially if wanting higher ceilings (you need a new roof or extra floor), but they aren't necessarily falling down Right now even older Mcmansions built 20-30 years ago are entering the territory of tear down. People just give up on renovating them

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:You find it sad that a biulder overextended themselves financially? I don’t find that sad, I find it to be poor business decisions. So many builders are floating a ton of lots right now that they cannot sell. They got greedy assuming this areas building/sales market would never dip.

All the lots sold around us are being built, none is sitting, but there is also a glut of new homes over 4m and they aren’t selling. IDK what’s going to happen to all these builders who have completed their homes and have others in the pipeline, but people aren’t buying at these prices.

Does it also mean that people will soon start buying older homes that used to be tear downs and remodeling them instead?

I hope not all these older homes were meant to be temporary and are all teardown

? What era are you referring to? Maybe 70s/80s, but the 20s-50s houses around here are all built to last and built much better than anything being done now

ITA, most of midcentury builds are all solid brick. They need work to make them look more attractive, especially if wanting higher ceilings (you need a new roof or extra floor), but they aren't necessarily falling down Right now even older Mcmansions built 20-30 years ago are entering the territory of tear down. People just give up on renovating them

no...older 20-30 YO mcmansions..what are you smoking?