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March 17, 2004


I am suprised that you would be so disappointed about a simple study of the local market for housing. Certainly some portion of the housing will be purchased by locals but not all of it. Is it reasonable to expect that all buyers will be special people from elsewhere? Is this the only market study that is being done? With a project like this will very high initial costs, one has to sell early to get some cash flow. Without it, the whole effort could fail early in the development process.

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