Reply to McLean Custom Home Builder Files for Bankruptcy

Forum Index » Real Estate

Reply to "McLean Custom Home Builder Files for Bankruptcy"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

I hope not all these older homes were meant to be temporary and are all teardown [/quote]
? 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 [/quote]

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  :lol:   Right now even older Mcmansions built 20-30 years ago are entering the territory of tear down.   People just give up on renovating them[/quote]

no...older 20-30 YO mcmansions..what are you smoking?[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics