I’m no insider if that’s what I’ve got you guys thinking. I’ve just been following Del Sur for a while and these are just things I’ve picked up when talking to folks who work there.
Several times I’ve heard (or overheard) references to lots that haven’t been picked up, or were going to be picked up by such and such, but the particular builder backed out. I’ve heard this at the Ranch House and at specific builder’s offices. It’s kind of interesting what they’ll talk about thinking no one’s listening or understands what they’re saying.
I first learned the term “cans” at a model home. That’s short for cancelations and I first overheard it while waiting for the salesperson to get off the phone (most likely with someone else within their company). Needless to say, the “cans” were surprisingly high compared to “closed”.
Don’t get me wrong. I’m not even trying to eavesdrop. It’s just like with cell phones where you can’t help but hear what people are yacking about sometimes. Other times, they’ve said things directly to me, which kind of blows my mind sometimes.
Also, I think ocrenter of BMIT fame might have more detailed insight into some of the Del Sur land option situation.
On the other question, Fred Maas is the CEO of Black Mountain Ranch LLC, the master developer of Del Sur. He’s quoted on the topic recently.
