Different Market, Different Strategies
November 30, 2009 by admin · View Comments
In todays market astronomical appreciation can’t be the business model for success. The days are over where you could literally throw a stone, see where it lands, buy that property and make money in 6 months to year on the sale.
When demand changes as quickly as it did, it can leave projects in a difficult spot. When projects were conceived assumptions were made about sales price, sales cycle, cost to build, duration of building, etc. When those assumptions are changed almost overnight you don’t have many options to right the ship.
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