A builder I’ve written about before in a disparaging tone and then met, and liked, sends the following (edited sightly to avoid identifying him, although I don’t think he cares).
I am just checking in, I love the headline on the [XXX] post, LOL.
Since I listed it, I figured I would give you first hand information about what is transpiring. The minute [XXX] went on, there were a flurry of calls, and I have some plans out, but nothing concrete yet. But I would like you to know what the majority of people said about the new spec homes on the market in Greenwich.
basically the homes that are sitting, the majority have been sitting for over a year, and at what point does it become not new, and simply called, just never lived in. Seems that the people that are out there in the 7 and 8 range want something new, as in just finished or just being finished. Its very possible that a good majority of these houses completed in 07 will be almost 3 years old. That’s hardly new. Anyway, be well, just wanted to give you something to think about. I am here for a few more months, lets get together and have another drink. [Ed. note – that’s coffee for me, no saying what my builder friend will consume].