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Spencer Lindquist 🇺🇸

@SpencerLndqst · view on X ↗

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Feb 13, 2025
EXCLUSIVE: A Texas land developer admitted that the Colony Ridge business model relies on selling land to unqualified foreign buyers: "We will not be able to sell our developments if each of our buy...
SummaryA Texas land developer admitted that the Colony Ridge business model depends on selling land to unqualified foreign buyers without requiring social security numbers or verifying repayment ability, claiming that qualification requirements would "kill" the industry. The DOJ later accused Colony Ridge of churning buyers through foreclosure cycles, and investigations reveal the developer has connections to industry lobbyists and the Texas Land Developers Association.8 tweets1 min read