I want to start a new business: How about the house construction business?

I've always wanted to begin a new business and now I'm finally able to start.
Last week, here in Toronto there were lineups of people waiting to buy 1 million dollar condominiums! They camped all night long for the opportunity to be lucky enought to be one of the people able to give a down payment on a 1 bed condo.
I thouht to myself "WOW, I'VE GOT TO START BUILDING HOMES AND GET RICH FAST !!"

I would love to start building single family houses in Florida because it's just too cold up here, and I hear that it is so easy to borrow cash with no money down, that even cats and dogs can get million dollar loans now !!

So, my question is: What do you think of getting a 2% loan on about $20 million, no-money-down, and start building homes on either the West or South-East coast of Florida?
I have a magagine from Florida in 2005 that shows that Florida is BOOMING !!! I can't wait to make my MILLIONS also !

Tell me, what's it like down there now ?? Will my plan work?

I don't want to wait too long because I don't want to let this greatest Real Estate opportunity of a lifetime pass me by.

Er...whatever you're on or whichever Planet you come from think you need to do a lot more research. You are SO, SO off the real world.

Yes, Canada is enjoying a mini-boom of sorts in real estate whereas, Florida is far from booming!!! Like the rest of the US it's suffering a massive decline in property values. New home sales are there worst for 12 years and about to drop further.

Developers are desperate to reduce inventory and mortgages are tough to get as I suspect you know and this is just a silly wind-up.

Crazy New Year to You too!!!

Iam A Investor and contractor in california.Sounds good as an idea what type of plan and if your not established with solid results good luck.Thiers alot of planning and even with a winning plan and a winning team profit is a ballon figure.Real costs down to the last nail,the area ,planning department (lots of possible hdden costs and possible denial .Out of the gate a 20 million dollar project time wise 1-3 years to get the money you need approved plans unless you know someone who has 20 million to toss.Do you have the knowledge and tools skills and a team to make a plan of action with all ends covered.thier is no get rich quick unless youve been doing this for a while and have the cash lots of cash to work for you.My building value is quality not so much quanity we build very large spec we design and 20 years ago homes i built still stand tall and strong.This is a solid building block.people who pay lots of money millions like to know the home will out last them and also a worthy buisnessman builder never has to look back and repair or be sued.Do it right 100% and you will make money how much depends on you plan of action and research cutting steps taking short cuts will only cost and cost so beware and be well prepared.

This is a joke.