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1 posted on 11/13/2011 8:10:54 PM PST by MinorityRepublican
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To: MinorityRepublican
Cool. We need farms a lot more than we need more mcmansions sitting and rotting.
2 posted on 11/13/2011 8:23:38 PM PST by hinckley buzzard
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To: MinorityRepublican

This is the best news I’ve heard in eons.


4 posted on 11/13/2011 8:33:18 PM PST by cloudmountain
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To: MinorityRepublican
I know of a developer in Boynton Beach (Palm Beach County) that bought an 8.4 acre parcel of land, immediately adjacent to the Florida East Coast Railway mainline tracks in late 2005. They borrowed $12.4 million for the land and received permission to build 81 housing units (basically row-house condo units). The streets were laid out, underground utilities laid in, and what would have been the community center/pool house building was partially constructed. Then the plug was pulled, sometime in 2007. For 4 years there was a "Coming Soon, Spring 2008!" billboard hawking the property, along with weeds shooting up next to the PVC pipes jutting up from the sand where houses were supposed to be built. The bank foreclosed and after taking it into REO inventory - just recorded a sale of the property for $1.9M. So the bank ate $10.3M. Repeat this story ad nauseum across Florida, Arizona and Nevada, and know that, in the end, you are paying for it.

 

 


6 posted on 11/13/2011 8:47:31 PM PST by Wally_Kalbacken
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To: MinorityRepublican

Once we get rid of ethanol subsidies, the prices in the midwest will go in the toilet.


7 posted on 11/13/2011 9:49:25 PM PST by SeaHawkFan
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To: MinorityRepublican

Until the developers prevail upon the EPA to fine the family $35 million for kicking up dust in their farming operation, this will probably work out well.


8 posted on 11/13/2011 9:52:31 PM PST by Attention Surplus Disorder (Madoff screwed the rich. Bernanke screwed us all.)
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