Is it a sign of the apocalypse when people spend $525,000 to buy an 8-year-old house just to get the lot? How about when they tear down the 'old' house and spend $1.6 million to build a new one on the lot? This happens regularly in Sarasota, Fla.
The Fort Worth, Texas, division of Melbourne, Fla. based builder Mercedes Homes began battling the expected holiday traffic slowdown as early as Oct. 15.
How much land is enough? You never can tell, but don't despair - neither can Wall Street analysts or GIANTS such as Toll Brothers, the $2.3 billion luxury home builder based in Huntingdon Valley, Pa.