Quote:
Originally Posted by J_M_A
I know exactly what your saying. At 25, 300k would be above my ceiling. I could see my self at 30 or so seriously looking at a property like that.
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I guess this kind of illustrates the point. You initially said "I would pay more then 300k today for a concrete structure"
But then on second thought, you said you would probably wait 5 years or so before you would consider pulling that trigger.
That's the reality of how these things sell. People think long and hard before parting with big money.
So if they want or need to sell 100 or 200 or however many units, they have to make the price is so tempting that people will snap them up without having those second thoughts.
They can't price them at $300,000, initial sales would be too slow to generate the necessary momentum.