I think that the above statement is more applicable to Del Sur than 4S Ranch. That’s because they didn’t start building in Del Sur until 2006. Where as, 4S is 75% completed. Am I right ?

You may very well be corect. I really do not know any particulars about 4S. In fact, I didn’t even know where it was on a map until about 6 months ago. Mmost of my comments were more directed towards SEH as I am much more familiar with the situation there. If 4S is indeed nearly complete, I’d bet dollars to doughnuts that the money has already changed hands for the remainder of the lots and the builders will suck it up and finish building hoping to break even.