Greenbriar Sustainable Living Inc V.GRB

Sage Ranch Expects to Break Ground This Summer

[shneps]

I think we need to be more realistic about this going forward. The company has stated they would break ground in the summer.

https://www.tehachapinews.com/news/sage-ranch-expects-final-approval-this-spring/article_de1ed0fa-52c5-11eb-ba7e-ab2e2ebb3ee9.html

OOPS, that was of 2021

[Ripple1]

How do you give a post 10 thumbs up?

[shneps]

A couple of offtakes from that article as well. Note the following comment by Stuart Nacht -  "Stuart Nacht, builder for Sage Ranch, said the project will feature free market housing, and not subsidized housing. Remember talking about the bill of goods the City was sold on Sage Ranch and the reality. Thisis why Stuart was dumped and the company is involved in another legal dispute

[tylerreddick]

" Look also at the cost increase in the housing in just three years. What was affordable is becoming not affordable when you add in the HOA fees (doubling), the interest rates and a 25% price increase. " ================================================== That is the cost of the past, and continuing delays. The cost of building keeps rising, and the much higher borrowing and mortgage