Greg Shain, principal of Shain Development, has been building luxury estates on the Westside of Los Angeles for decades.  He’s built several high end properties in Brentwood, Pacific Palisades and Beverly Hills on spec and is a coveted custom home builder for ultra high net worth clients.  Like so many developers the sting of the Great Recession a decade ago forced Greg to re-evaluate his business model.  Today he’s building a handful of mega mansions for wealthy clients and is much more selective and conservative with high risk spec projects.  Hear what it takes to have the stomach and the balls to tackle high end spec development, and the painful lessons learned along the way.