The Landlord-Lessee Joint Venture

[Shnicklefritz]

;-) con artist or on a mania-high.... or maybe drunk....

 

[fisher]

;-) con artist or on a mania-high.... or maybe drunk....

...or full of sheep! ;-

 

[Miss Critter]

So this is what it feels like to fall through the looking glass. . .

 

[fisher]

In our subdivision where Centex has lowered prices of new builds to their pre-boom numbers.

This is a good/bad scenario. It's a closed pricing system with major builders. in high end dvelopments. As demand dictates, prices rise with no real value attached. As prices fall, major builder drops to his pre-boom pricing for new construction. Either way, there is a known up limit and down limit (as long as new homes of the same kind are being built). Knowing the known (knowingly?), we are at pre-boom minimums, if you are looking in our subdivisions, prices are set (within small +/- %). That is, you can buy a "build-to-suit" at or less than existing home sales.

Looks like prices in Naples continue to fall. Closed system?? Don't think so. Full of sheep, not you are?????

http://www.swfl4u.com/CurrentReport.htm

 

[fisher]

Heaven can wait and it is with this very premise that we see a Long Term Occupant of value.


Most assuredly, it is a private equity club, memberships have sold for as high as $150,000, Mr. Bear is in at the "stated" net cost of zero (allured by the free membership). One could extrapolate applying elmentary (school) algorithms)and say

$830,000
-125,000
=======
$705,000 True Housing Cost

Mr. Bear has assigned his membership rights (part of the Lease Agreement); Ram has learned to putt with his butt! We enjoy the daylight-ending romps, hoof n hoof, along the cart pathways and golf fairways, nibbling at the Champion Turf, dodging the ever present allicroc

YIKES!

and prancing in the sand traps and waste areas, as if we were young sheeps, back at Fleece U, aw, those were the Daze (and Confused).


The Italian Capital of SW FL may I boast!

Highest priced Centex community posted on the Centex website (http://www.centexhomes.com/Naples/) tops out at less than $700K???? What's that closed system theory again? Ever thought the developer might just start building smaller and cheaper homes next to the bigger more expensive ones that will hurt the value of the other homes.

 

[TheSheep]

Highest priced Centex community posted on the Centex website (http://www.centexhomes.com/Naples/) tops out at less than $700K????

Hardly, Centex has a four model line that exceeds $1M (in 2004-5 sales), up to 3,200 sft; with pricing depndent on the quality of the lot you choose.

What's that closed system theory again? Ever thought the developer might just start building smaller and cheaper homes next to the bigger more expensive ones that will hurt the value of the other homes.

Ever? How about now? I'm looking at two homes recently sold by Centex for $525Kish that are exactly the same, next door on each side, to one bought in March 2006 for $725K. I dast to ask what they has to do with L-L JVs?

 

[TheSheep]

Looks like prices in Naples continue to fall. Closed system?? Don't think so. Full of sheep, not you are?????

http://www.swfl4u.com/CurrentReport.htm

Misinterpreatation of "closed, Sir. Closed as in "they manipulate the pricing", it is not so much supply-demand driven. Centex, Pulte, Lennar, KB etc can choose to sell at whatever price point they want. Traditionally, they will follow the S-D curve but they do not have to unless it be-hoofs them, sir.

In 2005, when sales were soaring, I saw Centex dump a 2,100 sft home, golf course, new, full featured for $510K. why? The flipper walked off his 20% down (+ 10% of the amenities package), it was end of month or some such timing, they wanted to move the house and they did. CTX took 100% financing as well.

Closed = they move to the beat of their own drummer...if they choose.

 

[ClintClint]

So that's why Centex stock is down 80% in the last 2 1/2 years---because they choose to. The joint venture you propose is more about the joint someone one needs to smoke to get involved in this scheme. Even Chill Wills was hooping and hollering as he sat backwards riding the atomic bomb down--enjoy the ride while you can because reality is going to s**k.
This is a baaaad, baaaad idea. Terrible marriages are easy to get into but ugggggly to get out of. If it looks like sheep dip, walks like sheep dip, and smells like sheep dip then sheep dip it is----and it's so deep here waders won't help.

 

[TheSheep]

So that's why Centex stock is down 80% in the last 2 1/2 years---because they choose to. The joint venture you propose is more about the joint someone one needs to smoke to get involved in this scheme. Even Chill Wills was hooping and hollering as he sat backwards riding the atomic bomb down--enjoy the ride while you can because reality is going to s**k.

Yeah, that's why.

Do you drool? :roll:

 

[fisher]

Yeah, that's why.

Do you drool? :roll:

??????

I'm beginning to think the sheep really does hang around in the pasture with real sheep.

Regardless, me thinks the sheep is about to get sheared.