Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Beginners Board
Making a living
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Brandonm22" data-source="post: 579375" data-attributes="member: 7645"><p>Around here nothing is selling either. A lot of folks made big money selling to builders and speculators during the Great housing bubble. A couple of years ago, there were 6700 new homes built in the Birmingham Region of ALabama. MOST of that were in rural counties ringing the center city (Shelby, St, Clair, and Blount counties). After the crash, (according to the Bham News) we will struggle to get 2,200 homes built. The paper estimates that over 60% of the home builders in the region will be bankrupt or otherwise out of business by January. The builder who ended up with the 58 acres we sold in front of the house got foreclosed on as well. After building garden homes at an incredibly frenetic pace, nobody is building anything out there and there are ~10 unsold/unfinished homes just sitting out there. Landowners who missed out on the bubble don't realize that there are NO developers out there any more so they stick with their $5000 to $7000 an acre prices and nothing ever sells.</p></blockquote><p></p>
[QUOTE="Brandonm22, post: 579375, member: 7645"] Around here nothing is selling either. A lot of folks made big money selling to builders and speculators during the Great housing bubble. A couple of years ago, there were 6700 new homes built in the Birmingham Region of ALabama. MOST of that were in rural counties ringing the center city (Shelby, St, Clair, and Blount counties). After the crash, (according to the Bham News) we will struggle to get 2,200 homes built. The paper estimates that over 60% of the home builders in the region will be bankrupt or otherwise out of business by January. The builder who ended up with the 58 acres we sold in front of the house got foreclosed on as well. After building garden homes at an incredibly frenetic pace, nobody is building anything out there and there are ~10 unsold/unfinished homes just sitting out there. Landowners who missed out on the bubble don't realize that there are NO developers out there any more so they stick with their $5000 to $7000 an acre prices and nothing ever sells. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
Making a living
Top