The mainstream media has really been loading up and blasting the negativity this week, since the housing stats came out. The people they interview get caught up in the hoopla too, and the more negative you are, the more you'll see yourself on TV! I went to a seminar...
Builders
“Relatively Stable Demand”
From bloomberg, who is supposed to have a story today on the San Diego downtown condo market. In the meantime, here's a link to a short (2:47) interview with the CEO of Pulte Homes: http://www.youtube.com/watch?v=u-ZJGdBwRik
Leucadia’s Nantucket
The former Barratt project called Nantucket in Leucadia that was foreclosed by Bank of America, has been resold. Not sure if that means it's over, or just beginning, but here's a video review:
Stinky-Poo Ranch
Hat tip to Jakob for sending this in, from the WSJ: Builder Standard Pacific Corp. disclosed this week that it entered into an arrangement that gives it the right to purchase 468 acres of raw land in northern San Diego county over the next two years, the latest...
Funky Leu
Here's another youtube tour showing some of the eclectic nature of Leucadia: For anyone looking for more information on the Nantucket offering, here's their link: http://www.landinterestsinc.com/property/nantucket The deadline for offers is May 28th, which means get...
Mello-Roos Squash
These new tracts in northeast Carlsbad seem to have decent pricing, with 1,753sf homes starting in the high-$400,000s on the lower end, and 3,000+ square footers in the mid $600,000s. But even with the tax credits, they have only sold half of the homes released in the...
Nan-Noo, Nan-Noo
It looks like Bank of America foreclosed on approximately $6 million in loans on the package deal offered for sale in Leucadia. The same agents who sold Magno-Bressy are on this case too, and it seems very casual and soft-sold. Are there dozens of buyers waiting in...
Turko on Nantucket Part 2
Barratt is the owner of the lot that's designated for the low-income house. The reason it's just sitting there is because they are in bankruptcy court, which has to wrap up sooner or later. Bank of America doesn't have anything to do with the lot being highlighted,...
Turko on Nantucket Part 1
Tango Uniform
Things didn't quite turn out for the builder of that last RSF estate. Here are the others they built - all four pictured here were foreclosed: http://www.kachay.com/luxury_custom_homes/for_sale.htm Still trying to figure out the goalpost-thingy!