[Southack]

Might be ELF. Might just be a strapped developer who has insurance and a keen sense of how to avoid bankruptcy.

[grey_whiskers]

That occurred to me, too, but an earlier poster on this thread said that "Street of Dreams" collects funds for charity.

I don't think a developer would burn a P.R. event/tax write-off...

Cheers!

[top 2 toe red]

You apparently know nothing about The House of Dreams project...the houses are built by different builders, one house per builder.

[rednesss]

"Might be ELF. Might just be a strapped developer who has insurance and a keen sense of how to avoid bankruptcy."

Bingo, that was my first thought upon hearing this. What with the housing market in turmoil, I hope they take a look at the financial health of the developer. In Portland they are doing everything but giving away the kitchen sink to get high end homes to sell. One developer is paying the first year's worth of interest, the first year's HOA dues, giving away a fishing boat,etc....... just buy now.

[jonrick46]

Your theory about the builders torching their creations to collect on the insurance is flawed. These homes were built by different builders. Why would they burn all of the homes? Why not burn the home they were losing money on?

In this case the theory goes up in flames. One $2 million home was sold. I am sure the others will have no problem selling. These are not the run of the mill homes.