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I suspect this could be a scheme for foreign (almost always Chinese) cash laundering for multiple "clients", where client A bought the property with cash to be laundered then client B bought from client A so that A's cash becomes clean and then B waits for client C to buy. The ruthless (Chinese)...

Foreign Cash/Chinese Buyers at work, right? rendering the local housing market unaffordable for folks who actually live, and work here.

Thanks for the info. "Toll Brothers has been pre-selling their first phases on their current developments", is this referring to the lots in Great Park?