What happens when the master builder goes under?

[temeculaguy]

One of the developments I have been looking at is Wolf Creek. Standard pacific is the master builder and it is about 2/3 completed, with 8 tracts still under construction. Standard pacific is building their last three but Lennar and Woodside are building a combined four tracts and all 8 have years to go before buildout at the current rate. Watching Stan Pac’s stock fall this year from 30 to 3, they are hemmoraging cash and I see no way for them to survive more than a few more months. What happens to the developers that stay afloat if the master goes under? Most of the community amenities (pool, parks, etc.) are complete, but where does that leave the tenant builders. Even if they aren’t hurt specifically, wouldn’t the stigma of tracts going under within the development scare away the few remaining buyers for their product. Can you imagine the impact of boarded up models at every other tract.

[5yes]

TG I think this will happen even more severely out in French Valley where at one development the sales lady told us they have 400 homes yet to build. My husband laughed out loud. You can barely make it down Winchester to the freeway right now. What is this going to do to water and other resources since there are so many homes still about to be added out in the desert? Also, what is up with Spencer’s Crossing? They are just getting going, they have to have some kind of plan to sell all their homes the next few years? Who is going to buy them with the high tax rates, high HOA, and all the other problems with living out so far? On a side note, I remember last summer you told me to watch Temecula Lane’s progress and so I have, several teachers I know bought in there this fall. I have been surprised that they are really selling fast and not lowering prices to where I think they would be even worth considering! I stop at the bungalows to look for deals but they rarely have anything worth my time. Am I getting too snooty now? What do you think the Centex homes up off Butterfield Stage should be worth? Those are very nice! We have been looking at repos in that area, but every month we wait prices go lower so we are just going to keep waiting. Have you decided what you want to do?

[5yes]

TG I think this will happen even more severely out in French Valley where at one development the sales lady told us they have 400 homes yet to build. My husband laughed out loud. You can barely make it down Winchester to the freeway right now. What is this going to do to water and other resources since there are so many homes still about to be added out in the desert? Also, what is up with Spencer’s Crossing? They are just getting going, they have to have some kind of plan to sell all their homes the next few years? Who is going to buy them with the high tax rates, high HOA, and all the other problems with living out so far? On a side note, I remember last summer you told me to watch Temecula Lane’s progress and so I have, several teachers I know bought in there this fall. I have been surprised that they are really selling fast and not lowering prices to where I think they would be even worth considering! I stop at the bungalows to look for deals but they rarely have anything worth my time. Am I getting too snooty now? What do you think the Centex homes up off Butterfield Stage should be worth? Those are very nice! We have been looking at repos in that area, but every month we wait prices go lower so we are just going to keep waiting. Have you decided what you want to do?

[5yes]

TG I think this will happen even more severely out in French Valley where at one development the sales lady told us they have 400 homes yet to build. My husband laughed out loud. You can barely make it down Winchester to the freeway right now. What is this going to do to water and other resources since there are so many homes still about to be added out in the desert? Also, what is up with Spencer’s Crossing? They are just getting going, they have to have some kind of plan to sell all their homes the next few years? Who is going to buy them with the high tax rates, high HOA, and all the other problems with living out so far? On a side note, I remember last summer you told me to watch Temecula Lane’s progress and so I have, several teachers I know bought in there this fall. I have been surprised that they are really selling fast and not lowering prices to where I think they would be even worth considering! I stop at the bungalows to look for deals but they rarely have anything worth my time. Am I getting too snooty now? What do you think the Centex homes up off Butterfield Stage should be worth? Those are very nice! We have been looking at repos in that area, but every month we wait prices go lower so we are just going to keep waiting. Have you decided what you want to do?

[5yes]

TG I think this will happen even more severely out in French Valley where at one development the sales lady told us they have 400 homes yet to build. My husband laughed out loud. You can barely make it down Winchester to the freeway right now. What is this going to do to water and other resources since there are so many homes still about to be added out in the desert? Also, what is up with Spencer’s Crossing? They are just getting going, they have to have some kind of plan to sell all their homes the next few years? Who is going to buy them with the high tax rates, high HOA, and all the other problems with living out so far? On a side note, I remember last summer you told me to watch Temecula Lane’s progress and so I have, several teachers I know bought in there this fall. I have been surprised that they are really selling fast and not lowering prices to where I think they would be even worth considering! I stop at the bungalows to look for deals but they rarely have anything worth my time. Am I getting too snooty now? What do you think the Centex homes up off Butterfield Stage should be worth? Those are very nice! We have been looking at repos in that area, but every month we wait prices go lower so we are just going to keep waiting. Have you decided what you want to do?

[5yes]

TG I think this will happen even more severely out in French Valley where at one development the sales lady told us they have 400 homes yet to build. My husband laughed out loud. You can barely make it down Winchester to the freeway right now. What is this going to do to water and other resources since there are so many homes still about to be added out in the desert? Also, what is up with Spencer’s Crossing? They are just getting going, they have to have some kind of plan to sell all their homes the next few years? Who is going to buy them with the high tax rates, high HOA, and all the other problems with living out so far? On a side note, I remember last summer you told me to watch Temecula Lane’s progress and so I have, several teachers I know bought in there this fall. I have been surprised that they are really selling fast and not lowering prices to where I think they would be even worth considering! I stop at the bungalows to look for deals but they rarely have anything worth my time. Am I getting too snooty now? What do you think the Centex homes up off Butterfield Stage should be worth? Those are very nice! We have been looking at repos in that area, but every month we wait prices go lower so we are just going to keep waiting. Have you decided what you want to do?

[halftrojan]

My wife and I just went by Standard Pacific’s Redwood at Wolf Creek. They are having their end of the year sale for move in next month. Homes that were going in the high $590s were going for $450k. They are only about a third of a way into their buildout (sales rep said 2 years to finish).

The homes were nice enough but the sales lady Katy was a real arrogant witch. As to the reason for her rude behavior, I noticed that besides the spec homes they were selling there were no houses under construction. When asked she said they were go to start taking orders again in January with move-ins in June. 6 months with no new sales!!! After monitoring their stock for several months now, I think there is a more than 50% chance they will be bankrupt by then. The odds of them never finishing are pretty good.

So in summary, buy now at Standard Pacific Redwood and live next to dirt for several years!

[halftrojan]

My wife and I just went by Standard Pacific’s Redwood at Wolf Creek. They are having their end of the year sale for move in next month. Homes that were going in the high $590s were going for $450k. They are only about a third of a way into their buildout (sales rep said 2 years to finish).

The homes were nice enough but the sales lady Katy was a real arrogant witch. As to the reason for her rude behavior, I noticed that besides the spec homes they were selling there were no houses under construction. When asked she said they were go to start taking orders again in January with move-ins in June. 6 months with no new sales!!! After monitoring their stock for several months now, I think there is a more than 50% chance they will be bankrupt by then. The odds of them never finishing are pretty good.

So in summary, buy now at Standard Pacific Redwood and live next to dirt for several years!

[halftrojan]

My wife and I just went by Standard Pacific’s Redwood at Wolf Creek. They are having their end of the year sale for move in next month. Homes that were going in the high $590s were going for $450k. They are only about a third of a way into their buildout (sales rep said 2 years to finish).

The homes were nice enough but the sales lady Katy was a real arrogant witch. As to the reason for her rude behavior, I noticed that besides the spec homes they were selling there were no houses under construction. When asked she said they were go to start taking orders again in January with move-ins in June. 6 months with no new sales!!! After monitoring their stock for several months now, I think there is a more than 50% chance they will be bankrupt by then. The odds of them never finishing are pretty good.

So in summary, buy now at Standard Pacific Redwood and live next to dirt for several years!

[halftrojan]

My wife and I just went by Standard Pacific’s Redwood at Wolf Creek. They are having their end of the year sale for move in next month. Homes that were going in the high $590s were going for $450k. They are only about a third of a way into their buildout (sales rep said 2 years to finish).

The homes were nice enough but the sales lady Katy was a real arrogant witch. As to the reason for her rude behavior, I noticed that besides the spec homes they were selling there were no houses under construction. When asked she said they were go to start taking orders again in January with move-ins in June. 6 months with no new sales!!! After monitoring their stock for several months now, I think there is a more than 50% chance they will be bankrupt by then. The odds of them never finishing are pretty good.

So in summary, buy now at Standard Pacific Redwood and live next to dirt for several years!

[halftrojan]

My wife and I just went by Standard Pacific’s Redwood at Wolf Creek. They are having their end of the year sale for move in next month. Homes that were going in the high $590s were going for $450k. They are only about a third of a way into their buildout (sales rep said 2 years to finish).

The homes were nice enough but the sales lady Katy was a real arrogant witch. As to the reason for her rude behavior, I noticed that besides the spec homes they were selling there were no houses under construction. When asked she said they were go to start taking orders again in January with move-ins in June. 6 months with no new sales!!! After monitoring their stock for several months now, I think there is a more than 50% chance they will be bankrupt by then. The odds of them never finishing are pretty good.

So in summary, buy now at Standard Pacific Redwood and live next to dirt for several years!

[ocrenter]

hmmm… isn’t Stan Pac the master builder at Del Sur too?

[ocrenter]

hmmm… isn’t Stan Pac the master builder at Del Sur too?

[ocrenter]

hmmm… isn’t Stan Pac the master builder at Del Sur too?

[ocrenter]

hmmm… isn’t Stan Pac the master builder at Del Sur too?

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