--- In AsburyPark@yahoogroups.com, [EMAIL PROTECTED] wrote:
>
>
> Booms are great, until the hangover. Mr. Drejzaâs conclusion is
that Levitt
> got âcaught up in the madness,â buying too much land for too
many new
> developments for too much money.
Developers develop. Most are like drug addicts. Give them free access
to drugs and they will do them. Give cheap financing to developers and
require little equity (and even that is borrowed) and they will
develop regardless of demand.
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