Agreed with gn and bugs bigtime. Builders don’t hold on to things. I have a relative at Kehov and he was telling me that they recently repurchased some land that they gave back, (and of course at the deposit)less then two years ago due to market projects… Again it all depends on where they were at in the development cycle. I do not know of the margins that it takes to get an approval for the developers to move forward on land purchases and development. I do know that for products made for tech, at least for one company I have worked at, the projects would not get approved unless there were 50% net margins on the product line in production. Now this was for ASIC development. Again, I do not know what the margins are for a developer to move forward but I would imagine they are at least 40%.
