[quote=sdrealtor]FYI, Toll Brothers built in Encinitas Ranch mostly in 2002 and 2003. I beleive some may have been in 2004 also.[/quote]
so they probably purchased the land in 2001 or prior. and here they are buying land post-bubble. and bypassed on any land purchases at least in SD during the entire bubble peak. that’s a pretty amazing track record!