Thanks Wontanamo. When you say they wouldn’t budge, do you mean they would not drop the price by 100k or that they would not move on the price at all?
In any event, the next few months will be very intersting as the next couple of phases are released. One thing is for certain, the days of preselling these phases are over. Just about eveywhere you go in CV, there remains existing inventory among the new home builders. My guess is that if we see a decrease in the number of $1M + home buyers, these builders will be singing a different tune when October rolls around and the corporate parents of these builders put the pressure on to get the inventory sold before their fiscal year end numbers are locked in.
