usctrojanman29_IHB
New member
[quote author="OCCOBRA" date=1242895472][quote author="bigmoneysalsa" date=1242889204][quote author="bkshopr" date=1242865889]
My guess of benchmark pricing is what makes it worthwhile for Bren to consider building homes again. Anything less he would just let the land sit.
</blockquote>
Why? The Irvine Company was more than happy to sell land at a fraction of todays value pre-bubble. You think they are stubborn-WTF-price-demanding like some of the individual owners that IR profiles? I think they are more rational than that.</blockquote>
The Irvine company is drinking the kool-aid. I will enjoy this train wreck. And even if IC starts dropping prices to keep selling it will bring on another world of knife catchers that will walk from the homes. So another ghost town like Portola springs, delicious.</blockquote>
Of course they are drinking the kool-aid, hell they were the ones serving it at as the prices started to skyrocket. They gladly accepted $150-$200/sf back in 2000 as you stated and now they are hell bent on getting $375/sf? I think not! Kinda like them building The Village Phase II in a declining rental market. haha Guess Donny boy isn't god after all.
My guess of benchmark pricing is what makes it worthwhile for Bren to consider building homes again. Anything less he would just let the land sit.
</blockquote>
Why? The Irvine Company was more than happy to sell land at a fraction of todays value pre-bubble. You think they are stubborn-WTF-price-demanding like some of the individual owners that IR profiles? I think they are more rational than that.</blockquote>
The Irvine company is drinking the kool-aid. I will enjoy this train wreck. And even if IC starts dropping prices to keep selling it will bring on another world of knife catchers that will walk from the homes. So another ghost town like Portola springs, delicious.</blockquote>
Of course they are drinking the kool-aid, hell they were the ones serving it at as the prices started to skyrocket. They gladly accepted $150-$200/sf back in 2000 as you stated and now they are hell bent on getting $375/sf? I think not! Kinda like them building The Village Phase II in a declining rental market. haha Guess Donny boy isn't god after all.