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HEY, great link. The broker they quoted is a pal of mine, I have to dig out his email, he is famous now.
Anyhow, to your situation, if you have a nice big pile of cash you are, with out a doubt, in the proverbial cat-bird seat!!! Give yourself a big pat on the back, but don't break your arm, 'cause it's not just going to have the primary/intended effect of shoving the bad risks out of the picture, but I can almost predict some "unintended" consequences of the p.m.i. -- one is that you are going to have a some developers really taking sides in the "high end, low density" vs "affordable , high density" war. I would hate to have a dog in that fight...
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