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WookieMan
2025 Jan 27, 7:01pm
WookieMan
2025 Jan 27, 7:01pm
AmericanKulak says
Eh? That's their risk. That's not "too big to fail" style. So the builder goes out of business. All the big builders have different LLC's in different states and even regions. The land has a lien on it till it's sold. That's how we acquired our lots. The contractor held them for 15 years with not a house built.
TX, FL, ID, CO, TN are all bubble states that could crash. IL is still in the mix, but it's leveling out. CA is just starting.
Texas has allowed developers to self-finance without needing SSI or EIN from purchasers.
Eh? That's their risk. That's not "too big to fail" style. So the builder goes out of business. All the big builders have different LLC's in different states and even regions. The land has a lien on it till it's sold. That's how we acquired our lots. The contractor held them for 15 years with not a house built.
TX, FL, ID, CO, TN are all bubble states that could crash. IL is still in the mix, but it's leveling out. CA is just starting.
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Texas has allowed developers to self-finance their properties without requiring SSI or EIN from purchasers. It's heavily advertised in Spanish.
Many Texas MAGA have known about this for a while, but it's only starting to get attention. Even made songs about it:
https://www.youtube.com/watch?v=nMnLdSa9Zbg
Search Twitter for "Colony Ridge" and you'll see.