happy belated fourth.

a quick anecdote representing the present hurdles laid in front of those builders sprinting uphill in an attempt to stay afloat.  a middle-aged couple i have been helping try to build a cabin goes to a bank, tells them they want to build a 190k cabin in the beautiful rocky mountain west.  they own the 3 acres outright and walk into said bank with 40k in hand and the equity of the land on paper.  they do the dance and sweat real hard for a few weeks while dumping more money into plans and structural engineering (out-of-pocket) to be told that there is no value in the land and they will have to come up with more than 22% cash to make it happen.  no value to the land?  not even 1k?

sick and tired


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