Posted 8/28/2016 21:25 (#5496092) Subject: Will they even loan the money?
SE IA
So land prices seem firm...definetly higher than cash flows should indicate. But its a competitive business and it never cash flows. So if things get BAD or WORSE, and land prices fall another 30-40% and we are showing extremely deep negative cash flows, will the banks and creditors even loan the money?