Hate to keep bringing this metaphor up, but one of the things the company I work with does is a tear-down study. We track lots, bought, old house turned down, new house built, kind of thing. I actually do one of these for the Dallas market.
There are homes in the Highland Park area in Dallas that have been in the building phase for over two years. Sometimes I wonder about the patience of the home owner, watching how long it is taking to complete his home. Just last week, I drove by one of these types of homes I track, and noticed it was finally finished and moved into.
Construction had started in the fall of 2010. This is the spring of 2013. I stopped to appreciate the detail and style and everything that went into building this special home. I was getting anxious for the owner myself, wondering if this home was ever going to be finished.
As investors or traders, we can come and go here whenever we want to. We are not attached, as that home owner was, to what is being built here. But, if you are attached somehow to what Boyd and company are building here, and you want to be able to appreciate the detail and thoroughness that something of quality demands, then patience is the only thing necessary, but can also be the hardest thing.