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SVTPerformance's Chain of Restaurants
Road Side Pub
I Took Advantage of the Declining Real Estate Market
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<blockquote data-quote="FordSVTFan" data-source="post: 6635687" data-attributes="member: 2243"><p>It actually doubled in valued the moment I signed the contract. The two developers bought the raw land, subdivided it put in the additional man-made canals, the roads, the improvement, the clubhouse and pool, double bulkhead, etc. Then they were approached by a local custom builder who arranged to buy all the lots. </p><p></p><p>Even with the downturn in the market, the builder is still selling at a good clip but he returned the last ten canal lots to the developer to help collateralize his long term debt. </p><p></p><p>I bought from the developer who just wanted the lots gone. I paid less than half of what the builder is currently selling the lots for.</p><p></p><p>This is a picture of the same boat, just not the one I own.</p><p></p><p><img src="http://images.boats.com/photos/300/203/104236_102_pic.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p></blockquote><p></p>
[QUOTE="FordSVTFan, post: 6635687, member: 2243"] It actually doubled in valued the moment I signed the contract. The two developers bought the raw land, subdivided it put in the additional man-made canals, the roads, the improvement, the clubhouse and pool, double bulkhead, etc. Then they were approached by a local custom builder who arranged to buy all the lots. Even with the downturn in the market, the builder is still selling at a good clip but he returned the last ten canal lots to the developer to help collateralize his long term debt. I bought from the developer who just wanted the lots gone. I paid less than half of what the builder is currently selling the lots for. This is a picture of the same boat, just not the one I own. [IMG]http://images.boats.com/photos/300/203/104236_102_pic.jpg[/IMG] [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
I Took Advantage of the Declining Real Estate Market
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