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I think this is a terrible attitude to take into a development. If the development doesn't stack up, walk away from it. Don't hang your hat on future growth. Blacky

Congratulations on the first one down. I think it is a good result even if it is slightly less than anticipated. I like your lessons learned. While the higher value land component may make more, given some of the subdivision costs are fixed, it can increase your risk also, as any delays...