Our spec home on Hazel is going up. So far, so good.
However , on the other end of the spectrum, we are about to take our first loss-ever. And, to make it more confounding, we are taking this loss on purpose. We can't go into all the reasons here, but suffice to say that we would rather take the loss then suffer the "carry." The loss is relatively small ($1,500 or so -estimated), but the upside is exponential. And our carrying costs go to zero. It still hurts. 1,500 is 1,500. We don't want to give it away, but... We need to refocus, wrap up Hazel One spec home, take a look at the general market again, and then jump into Hazel Two, or Main, or both. Stay tuned.
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July 2020
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