Quote:
Originally Posted by rubicon
Hi Gracie: you bring up some valid points. But whether we are defining mark up or margin the fact remains its high. Retail jewelery has a mark up of between 800% and 1000%. People pay those prices and some think nothing of it. Neither my wife nor I are fond of jewelry so the mark up to us is obscene.
It is one thing to describe a person as a good businessman but when does good transcend into greedy? To be sure the Developer tightly controls all of his operating costs, the costs of building and the cost of inventory and shifts monetary burdens when possible. These homes may vary somewhat, but basically they are all the same block units. My wife keeps reminding me its location, location location but what if you are not as enamored with location as others then what's that worth to you?
Essentially I am one of those individuals who never goes overboard over anything or anyone because it translates to me as not clear thinking.
Personally speaking, Yes I like TV. yes I believe it is pretty and clean. Yes I like the people. Yes I like the fact that there are many things to do. Can one find these same things elsewhere Yes. Do I view TV as Disneyland No.
This all brings us back to my original point people pay a high premium to locate here and the Developer in fact openly promotes that very fact by stating people are buying a Lifestyle. And my second point is in comparison to other locations what is TV Lifestyles worth ?
I am expressing an opinion not advancing an argument
Personal Best Regards
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I agree with most of your statement rubi, but the greedy question doesn't resonate with me. The Morses may be greedy, I can't see inside their souls, so I cannot know. However, when it comes to real estate I can't see the use of the word greedy as relevant. Real estate is probably the most pure economic transaction anyone can make. The value of real estate depends totally on what the market will bear, what a willing buyer will pay a willing seller. I can't blame the developers for ASKING whatever they believe they can get for their property, and if willing buyers can't be found in a reasonable timeframe, they will have to discount or otherwise incentivize. There is no question they have hit upon a successful formula as their prices and the demand, dropped far less during the downturn than almost any other place in the country. I still am astounded that in either 2010 or 2011 they sold ONE PERCENT of the new homes sold in the ENTIRE COUNTRY.