Barratt’s old Nantucket tract, foreclosed by BofA and then given to Shea Homes for $3,975,000 in March, 2011, is almost completed. This one Leucadia tract exemplifies the bubble experience from the peak in 2007, to where we are today.
The house for resale featured towards the end sold for $2,258,000 in 2007, short-sold in November, 2011 for $1,375,000, and is now listed for sale at $1,675,000:
Barratt sold seven of the houses in the first phase for $2,000,000+ Some of the past coverage:
http://www.voiceofsandiego.org/housing/article_3c4ad63c-713c-52a0-8260-0433c02dc882.html
http://www.utsandiego.com/news/2009/aug/11/real-estate-slump-blamed-barratt-americans-failure/
http://www.voiceofsandiego.org/survival/article_586758f8-7aeb-5dba-b348-92d2e29a3b34.html
From Stormin’
On the earnings front, homebuilder Toll Brothers blew away expectations. Revenue and earnings are surging. And orders are exploding higher. “We enjoyed resurgent activity across all of our product lines and in most of our geographic regions,” wrote the company in there release. All of this only confirms the housing recovery story we’ve been hearing about all year.
greed is back on!!!!
You have to know where your at in the market cycles and take profits accordingly. Too many people held out for higher prices in the last market high and got wiped out.
Just like when your sitting at that slot machine at the indian casino. If you win big make sure you dont put it all back in the machine. know when to push that cash out button. If you get too greedy it is most likely you will walk away with nothing.
Funny that they did a new paint job on that million dollar split level at the end of your video. It was smart of them to try to hide that ugly monster behind large palm trees.
Thanks for turning the comment back on Jim!