Lake Martin Topics: About the Builder

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	Name:	itisd -
	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.