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Real Estate
Reply to "McLean Custom Home Builder Files for Bankruptcy"
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[quote=Anonymous][quote=Anonymous]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.[/quote] 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?[/quote]
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