ajtj99's Market Pulse

[easycome92]

True,but wouldn't the glut of unsold new construction in Florida,etc. represent atleast a loss to the developer and possibly to the lending institution unless there is a VERY significant increase in the value of unsold new construction.Yes, the person who sold the land to the developer made a tidy profit on the sale of the land and the contractors presumably were paid but I would think a shortfall would remain.Am I missing something?