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They have done a great job building this place and have cashed in on building a better mousetrap.:BigApplause:
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The OP asked about the Developer's "income" as it relates to (2) things. "Building/Selling Homes" and "Commercial Property Landlord" He didn't ask about the other businesses the Developer owns, such as banks or mortgage companies. He didn't ask about "revenue", he asked about "income" to the Developer. "Revenue" is not "income". (Income Definition & Meaning - Merriam-Webster). It's not that complicated to figure. Developing, building and selling homes in the way the developer does it, should yield between 20%-30%. Maybe a little more, perhaps a little less. Renting commercial space (retail, office, industrial, etc.) should have a blended yield between $18 sq. ft. - $28 sq. ft., including any "% of revenue" on retail space. Probably not much more, nor any less. How much of that flows into someone's pocket, is an entirely different question, but it's obvious the Developer is doing fairly well. |
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On the commercial side they're not making $30 a square foot. They're probably grossing more per square foot but they've got to write off the cost of building, interest, real estate taxes, INSURANCE, common area maintenance, overhead, personnel so their profit margin is considerably less. BUT the profit is like an annuity - comes in year after year building each year as rents are raised and more footage is added. Rent always increases faster than costs since the mortgage (principal and interest) is fixed. |
The Developer's income concerns you why?????
Just curious, what difference does it make how much and from where the Developers take in their income? My Mom taught me to MYOB when I was very little. I didn't see any of these folks that are so "curious" about the sources of the Developer exposing how much and where they obtained their money over the years.
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We all bought a home the developer originally built and sold to someone We all use the commercial real estate the developer owns. And I am sure the Developer makes plenty of $$$ from the bank, insurance, media, etc. And it’s fun to talk about. |
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the developer also makes substantial income from real estate commissions on resale home which are listed with the Developer-owned listing service. They also sold the out-lots of land for commercial development at corners & along major thoroughfares. Plus they may have sold land to local, county & state government for roadways & other public utilities.
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And the developer owns The Villages television, radio & newspaper. Also, the tradesmen & new home materials suppliers may pay fees to the developer to be an exclusive supplier. The developer exclusively controls every CCD until 50% of homes are sold.
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If you want to start a thread about how many different profit centers the Developer has, go for it. |
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1. The developer makes lots of money
2. The developer sells a way of life/lifestyle 3. The developer employs a whole lot of people 4. The developer pays a whole lot of taxes and Florida and it's counties have major tax revenues as a result 5. The developer's income/wealth has no effect on me 6. If the developer's income bothered me, I am free to move elsewhere because I live in a free country 7. Thousands of lives are enhanced in a positive way due to the developer's plan |
We are also free to discuss it on TOTV. Don't look if it bothers you
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