Quote:
Originally Posted by Vin
You will be forced to sell lower if all your competitors can sell lower than you. Might as well pack up and leave the development business if you insist on selling at "market value".
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If the market price drops, that is the new market price. That's why we're waiting on the sidelines right now for condo projects so we can sell at a price that covers costs. In fact getting rid of the lower QE viewcone has allowed a fiends condo project to exits at all. I'll be keeping an eye on what they market for.
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