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Rough Day for Lennar

Prop F diehards are already prattling over developer Lennar Corp.'s announcement that the company's profits are down. The future Bayview overlord reported a 61 percent revenue drop in the second quarter, and has written down a bunch of land and what have you in order keep an even keel. Unsurprisingly then, the company reports a negative lookout on the housing market in the coming year. [CNN]