[quote=jpinpb]Hmmmm. That’s one way to force a bottom. Destroy all the homes. Leave only a few. Then the price will go up b/c there is no supply. Then start to build again at high prices. 😉
I just can’t believe they’re now resorting to tearing down homes, but this is what it’s come to. [/quote]
Why not they sell these homes at as is condition to the lower most prices – when folks ready to buy at give away prices? What they get back when they demolish those? Are they getting any cash value back into their books?
