I’ve been watching that one and wondering the same, how low will it go? If something like that gets to the mid 200’s I’d probably buy it. I’d rather be in Redhawk or Wolf Creek but Vail Ranch probably has more subprimes. I think wolf creek will have considerable repos because they were all purchased 04 to 07 and many of the tracts have lowered prices below what hundreds of people paid. I wonder how these banks can survive the next six months without moving these repos.
