Quote:
Originally Posted by stomachmonkey
I'd be more concerned about buying a house in a development that may not sell out.
You could be looking at piles of dirt and living in a construction zone for years.
Not fun. And the house won't appreciate in that situation, in fact you could lose value.
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Good advice. Who will maintain the roads, water system,empty lots, common area, etc. if he goes belly up. While the deal sounds good, how is Greenville's overall job and housing market? If one of the large employers starts laying off workers, the housing market might take a bigger hit.
Basically, if all goes to hell, can you get the money out of the house if you had to sell?
Ben