For some reason I thought builders take out construction loans over a certain period of time that eventually needs to get paid. Over however many developments and units, I would think that would start adding up and bills piling up. Some units end up BOM. With increasing inventory and competing w/resale, you would think they would be eager to sell. Eventually they will have to pay the piper. Look at DR Horton liquidating in the Temecula/Riverside/San Bernardino area. Is San Diego next? Will other developers follow suit?
