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Name:   itisd The author of this post is registered as a member - Email Member
Subject:   About the Builder
Date:   3/6/2008 9:31:39 PM

So , is the project in a stalemate. Is the developer Craig Hemrick going bust on this venture? I know many spec homes builders who have had their unsold properties taken over by the banks because of the recession, people just not buying, and therefore the builders could not meet the heavy construction loan interest. It was posted on this forum a few weeks ago that there were only 3 sales on Lake Martin in November and 3 sales in December. I would think a lender would be very hard pressed to go way out on a limb in a project like this. It looks to me that nothing is happening.

Much has been said about "Tree Hugging" regarding this topic,"Karis." I am not a tree hugger and never have been, but I do believe in responsible sensable developing. GREED is the culprit. Too much density in this project. Houses stacked right on each other. I just find it hard to understand how anyone would pay $1,000,000 for this.
Other messages in this thread:View Entire Thread
Karis Park...near The Village - Ilovelkmartin - 3/5/2008 12:13:09 PM
     Karis Park...near The Village - Osms - 3/5/2008 12:55:05 PM
          Karis Park...near The Village - itisd - 3/5/2008 9:49:07 PM
     Karis Park...near The Village - waterbaby - 3/6/2008 7:11:56 AM
          Karis Park...near The Village - Ulysses E. McGill - 3/6/2008 7:37:06 AM
               Karis Park...near The Village - waterbaby - 3/6/2008 7:59:53 AM
                    Karis Park...near The Village - Bob - 3/6/2008 8:04:03 AM
                    Hey, it gave me a chuckle - Ulysses E. McGill - 3/6/2008 8:10:49 AM
                         Hey, it gave me a chuckle - Bob - 3/6/2008 8:13:27 AM
                              Hey, it gave me a chuckle - Bob - 3/6/2008 8:15:48 AM
                                   Karis Park - Bspencer - 3/6/2008 11:14:45 AM
                              Hey, it gave me a chuckle - Ulysses E. McGill - 3/6/2008 8:24:41 AM
                              Tell me Bob.... - LifeTime Laker - 3/6/2008 8:47:32 AM
                                   Life..are you as stupid as you - Ilovelkmartin - 3/6/2008 12:42:45 PM
                                        Life..are you as stupid as you - Council Roc Doc - 3/6/2008 1:20:01 PM
                                        Smarter than you for sure!!! - LifeTime Laker - 3/6/2008 2:46:37 PM
                                        AND BTW - LifeTime Laker - 3/6/2008 3:22:58 PM
                                             hey LTL... - Ilovelkmartin - 3/6/2008 4:10:49 PM
                                                  hey LTL... - LifeTime Laker - 3/6/2008 5:13:14 PM
          Karis Park...near The Village - Mack - 3/6/2008 9:14:01 PM
               Right On - Feb - 3/6/2008 11:02:06 PM
     Karis Park...near The Village - Excape - 3/6/2008 8:37:57 AM
          LTL you Freaking Idiot... - Bob - 3/6/2008 1:02:21 PM
               Bob, you are the idiot - LifeTime Laker - 3/6/2008 2:58:07 PM
                    I forgot.... - LifeTime Laker - 3/6/2008 6:31:43 PM
                         I forgot.... - Bob - 3/6/2008 9:10:06 PM
                              About the Builder - itisd - 3/6/2008 9:31:39 PM
                              I forgot.... - LifeTime Laker - 3/7/2008 8:28:02 AM
                                   I forgot.... - boataholic - 3/7/2008 8:45:48 AM
                                        I forgot.... - LifeTime Laker - 3/7/2008 9:39:26 AM
                         I forgot.... - Council Roc Doc - 3/7/2008 1:24:54 PM
                              I forgot.... - LifeTime Laker - 3/7/2008 2:11:57 PM



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