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Old 10-28-2013, 06:35 PM
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Quote:
Originally Posted by justjim View Post
A friend of mine closed on his home just six months ago in TV. He "swears" that prices on an exact Designer home like his has gone up in price 30% in the last six months. He says, "The Developer is gouging people".

$250,000 Designer home with a 30% increase would now cost $325,000. My friend is convinced this is true and I have no reason not to believe him as He is not one to make "things" up. I have no valid data to back him up.

Assuming this is correct, is the Developer gouging people on new homes?
You now have four pages of reasoned and rational replies which can be summarized as NO, the Developer is not gouging people on new homes.