^^ Yes, but how many developers were doing that? We would hear about it on the news, but what were the numbers? 1 in 4, 1 in 10, or 1 in 100?
Anecdotally, I know of nobody personally who that happened to; but I do know of dozens of people who made some money by signing the contract in 2005 for a building to be done 18 months later.
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