[Stu from NYC]

Originally Posted by asianthree

Many buy home as an investment, rent or keep empty for a year (you are not allowed to make a profit under a year that is written in your contract with developer)

If it’s a great view, or location, without rent one may gain $50,000 and up. Add in as a rental profits increased even with gain on taxes. Some including us (fourth house)have moved more than once to newer areas and homes every couple of years. Profit are rolled into next build, makes a nice investment/income every year or two.

New homes have been selling at the one year, one day mark since we started coming to TV in 2007. So nothing new or unusual.

Think you nailed it.