Have you read the headlines surrounding the demolition of 16 never lived in, new homes near Victorville, California?
Patrick Thatcher, staff writer for the Daily Press first posted this VIDEO on Youtube.
Guaranty Bank says knocking the homes down is cheaper than finishing them, making some wonder if it could happen here.
The Texas-based bank has decided to have the spec homes destroyed in the desert community because the estimated $1 million cost to complete them was more than it could make selling them.
Four of the luxury homes, priced in the $280,000-350,000 range, were already finished, and the others were in various stages of completion. The estimated cost of the demolition was over $100,000.
“It’s incredibly unusual I’ve not heard of it all in Texas I’ve seen that maybe once or twice in my whole life,” said Harry Savio of the Austin Home Builders Association.