Wow! Just got back from Boise, Idaho. Talked to a couple of builders and developers while I was there. What they said was they can't compete with the banks. They can't build them for what the bank is listing the property for. In some cases there is a 40% discount! Fortunately for some developers they have owned the land and can afford to wait. The question is, "how long can they wait?" Some of the builders are buying the bank owned homes, completing them and placing them back on the market.
By the way, this is something anyone can do anywhere. You don't have to go to Idaho. there are plenty in your own back yard. Think about it. You become your own contractor. There is actually good money available to do this.
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