Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

I think St. Joe's has some really nice land in PUD'S along the Florida Gulf Coast and Bill Ackman's always held the Howard Hughes land trust as I recall which is loaded with large tracts of land near the outer growth rings of 3 or 4 mainly Southwest MSA'S.

There's lots of land but in real estate its all about Location, Location, Location and yeah, they ain't making any More of it and Zoning is important to.