Does anyone have a guess as to the percentage increase in land values over the original selling price? I am told that the initial offering sold out in 36 hrs in 2003. I also understand that the parent company either has or is preparing to release another 50+ homesites on higher terrain above the original development. This cant bode well for existing lot owners. Also, the fact that 5yrs after opening the vast majority of this development remains empty dirt is a definite neg IMHO. Even if I bought a lot at fire sale pricing tomorrow my quality of living and resalevalue have got to be significantly lowered by the empty dirt everywhere. I think you need a 5-10 yr horizon and a lot of patience to consider building here IMHO. Thoughts?
