Quote:
Originally Posted by Altavia
Yep - $300 million in new home sales in Q1 (sans Middleton) - so 1-2 billion in new home sales this year is likely -- the sky is falling...
Danby is not an easy sell. South of Eastport move quickly.
Richmond and Villages north of Eastport are eagerly anticipated by buyers
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A developer sellng a new home and the buyer wanting to eventually sell that same home are ENTIRELY DIFFERENT scenarios. The developer may make a sizeable profit from the buyer. However, that same buyer may need to sell for a loss.
Or, that same buyer can make more profit than the developer on the resale. Because of this, the developer does not allow a buyer to immediately flip his homes. He is interested in protecting himself.
What goes in the Developer's wallet stays in his wallet. What goes in a buyer's wallet stays in his. Both accept a potential for a loss. It is foolish to try and compare when one has nothing to do with the other. Congratulations! The developer is making great money.This doesn't always mean good news for homeowners.