The President reminisces about one of the great real estate developers of all time
During his recent speech to the Boy Scouts President Trump told a story of meeting a pioneer in real estate development, William Levitt.
For those of you who don’t remember Wild Bill he started and developed Levittown, NY, Levittown, PA, Levittown, NJ (now called Willingboro) and Levittown, Puerto Rico.
Mr. Levitt realized that after World War II the returning troops would marry, start families and need housing.
He was able to purchase vast quantities of farm land and install utilities and roads. His crews produced houses like an assembly line in cookie cutter fashion.
With economies of scale, purchasing large quantities in bulk and streamlining the learning curve he became eminently successful.
I happened to grow up across the highway from the New Jersey project and watched the farm be transformed into hundreds of homes. For the most part they were 4 bedroom colonials, cape cods and ranchers and most are standing to this day.
Stores opened up along Route 130 and candidate for president Jack Kennedy gave a campaign speech there in October, 1960.
Bill Levitt’s theme was never to give up which was mimicked by President Trump and just today by my idol, T. Boone Pickens.
The old codger is 89 years old and still going strong.
Never giving up requires a lot of time, energy and sometimes money. And it requires a man of great stamina! Like President Trump!
I have a lot of time on my hands but I am tired, sleepy 😌 and broke.
I’m giving up and taking my afternoon siesta now.