Greenbriar Sustainable Living Inc GEBRF

Tyler posted this link earlier

[TeamEddie]

and his point was valid with that aside DEAMMMMM! Where I live it is $700k for a 1 bdr condo https://www.realtor.com/realestateandhomes-search/Tehachapi_CA?view=map&pos=35.156459,-118.512242,35.089767,-118.406842,13&amenities_pin=true&amenities_options=local_community

[lunderk]

There some decent houses in there.  I also see a lot of empty lots.   Which makes sense since your not allowed to build anything in the city.

[shneps]

K. Hovanian has only sold (43) of (55) fully serviced lots they bought two years ago for $55,000 per serviced lot. The homes have been for  sale for over a year and a half. There are still over (200) already serviced lots available for purchase to build on immediately, for the past (15) years. [url=https://www.google.com/maps/place/Tehachapi,+CA+93561,+USA/@35.1114489,-118.4522802,1204m/data

[lunderk]

This being true then, it sounds like the growth rate is right in line with what the water district wants. They should have no problem letting Sage Ranch go ahead if they are not gonna sell any homes to cause any water issues.

[tylerreddick]

Sage Ranch might go ahead, but if it takes 20 years to sell all of the lots, what value trickles down to GRB shareholders? That is the primary question.

[lunderk]

Well daytrader Tyler. It will be hard to engage with you because I am sure you will come up with a great answer to your own question once your bid fills and you get your shares back. However, Since your back on Scheeps side. Take advantage of your temporary position, maybe you can ask him now why he is invested in this board get some firepower for when your back on the sell side.  It's

[tylerreddick]

Nope, I am done. Just going to sit on the sidelines with my bag of popcorn.  Yes, I did trade GRB very successfully, but now that we are down to crunch time, the risk/reward ratio just went ballistic. The fundamental issue of the ability to sell 1000 houses in 6 years in the Tehachapi market has never been truly resolved, and that is the multi-million dollar question. I hope GRB succeeds

[lunderk]

I mean it is a fair answer and to each their own.  The itch will return at some point and that's when you will need to make a decision.

[tylerreddick]

Well, I will never say never, but unlikely in this case. :o) Take care

[tylerreddick]

Hovanian houses are a little more money, but they are pretty darn nice. https://www.khov.com/find-new-homes/california/tehachapi/93561/k-hovnanian-homes/tehachapi-hills

[shneps]

Sage Ranch's 2600 sq ft. home @ $309 per sq ft is over $800,000 + HOA fees. Yes, the average is $485,000 and there are a lot under this price but there are also a lot over that price. My feeling is you'll see some assosciates of Greenbriar getting decent deals on some of the rental type housing and apartments. That of course is when this eventually moves ahead. Lunderk, I am here now

[shneps]

Sorry, I noted that I used the sq ft value for the apartments and paired homes for my home cost. Instead of $309, it should have been $270, therefore the highend home cost would be $702,000 + HOA not $800,000.