Your assumption being that those forced to build will simply throw up their hands and walk away for the buyer who wishes to build the beautiful dream home. Go to the corner of Western Lake and Pine Needle to see if the assumption holds true. I'll take the peace and privacy of trees and bushes any day over a forced poorly built house, or worse, one that starts and takes forever to finish, if ever (See Prominence). The fairness argument is the same one children make when they have no argument. The only issue is whether the build-outs make sense here and now in the current climate, and the answer is clearly no - and for selfish reasons I could view it differently, but don't.
Actually, yes. I think the question though is how long can the flippers hang on? Imo, not for much longer as teaser rates and loans are starting to reset.
You sound like you have an ax to grind in regards to buildout times. Please anyone who owns in one of these communities correct me if I'm wrong, but your vision for your neighborhood, I suspect, is not "peace and privacy of trees and bushes."
As for your comments regarding the "fairness argument", I think they speak for themselves.
Obviously if buyer A was sold on the idea of the value associated with having said project built out over X years and made into a community and based a purchase decision on this, I can see where they are a bit displeased with repeated extensions of build out times. I think even you would agree that it is unfair for someone who was purely speculating and got caught holding the bag to get a break, just because they invested unwisely. I would be interested in finding out what your broker says after you tell him you need an extension when your margin account is called.
In closing, I'd recommend contacting code enforcement if you are experiencing issues with any "poorly" built homes around you.
