In March 2008, a group of investors considered buying 8,300 residential lots in 11 states from one of the largest U.S. homebuilders, at a price of 10 cents on the dollar. The deal would also entail purchasing a partly-constructed condominium complex, also at a substantial mark down from the amount invested.
Landlocked Homes Catching a Falling Knife Case Study Solution
This case describes the residential real estate development business as well as the role of land in homebuilding. It describes the excesses leading to the housing crisis in 2008. Company names and a few details have been altered, although the case is based on a real situation.
PUBLICATION DATE: August 14, 2012 PRODUCT #: RE137-HCB-ENG
This is just an excerpt. This case is about INNOVATION & ENTREPRENEURSHIP
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