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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (54615)5/22/2006 1:59:04 PM
From: John VosillaRead Replies (1) | Respond to of 306849
 
Your shouting the standard realtor line.

Here is a 3500 sf for $550k way out in your boonies where land costs aren't high.
drhorton.com

If you are telling me a builder can sell for $45 psf and make a profit in some places in this country even if they got the land for free then homes in bubble markets are set for the crash of a lifetime.. You do also realize it costs at least $15-20k in soft and hard costs to improve the land and put the infrastucture in..

So in essence any builder should be able to build a 3500 sf coockie cutter without upgrades for $140k on a ready to go improved lot in many areas of this country today?



To: Tradelite who wrote (54615)5/22/2006 2:05:31 PM
From: John VosillaRespond to of 306849
 
"It all boils down to location, location, location."

I think it will boil down to real cash flow and equity again once we cleanse a generation of new age speculators and leveraged McMansionites from the market


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