First of all, I want to apologize to everyone for not blogging the last couple of days. A crisis had erupted at work and we’re all scrambling to keep the company from collapsing.
Some of you know that I work for a real estate development firm. Unlike public giants such as KB Homes or Lennar, my company does not have the ability to bleed money for several months in a row. We own hundreds of acres of land throughout California that are basically worth nothing now. Zero. Zilch. Nada.
I have long predicted that many local developers will be forced to close shop due to this housing crisis and, hey, it looks like I got that forecast right (at least for my company).
Anyways, until things settle down here, I will not have the time to blog on a daily basis.