Greenbriar is 1000% Recession ProofLetsmakemoney9 ...
First off, if I was a betting man, which I am, the Phantom bid would go higher rather than them walking away.
Regarding your negative comments regarding Sage Ranch, here is where you are 100% wrong.
Sage Ranch is brand new housing project within USDA sponsorship.
What does that mean?
It means a new home at $450,000 at Sage Ranch where we have a $200,000 net profit because of our near zero land cost, can be bought with zero down payment, 1.9% mortgage for 33 to 38 years, with 620 credit score. USDA will even assist you with credit score. (and make your car payments, mortgage payments and taxes for two years if you lose your job)
A 1.9% interest rate allows a $1,400 monthly payment to buy a BRAND NEW $450,000 home.
A used home in Tehachapi, even with a 25% price drop (which will not happen) means an old home in your catastrophic scenario will drop to $325,000. This average 30 year old home at 6.57% 30 year amort, will cost you more than a new home at Sage Ranch.
Buyer will take new home at Sage Ranch at cheaper monthly payment because US government subsidizes your mortgage. Old home too bad.
GRB is 1000% recession proof.
Also GRB is up in price in bad market compared to every other company, whether now or in June 2020. Price only went to $1.00 for a few days.