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Re: [ Gen. Discussion ] Adolphus Avenue For Sale S
Posted By: Mark In Response To: Re: [ Gen. Discussion ] Adolphus Avenue For Sale S (Cliffy)
Date: Thursday, 15 June 2006, at 7:55 a.m.
Thanks for the info.
That unfortunately makes sense.
We saved for 14 years till we were able to put down 20% a few years ago and got in, (just in time I might add, and I thought that was the top of the market).
I don't know how young people are going to do this without help from their parents and family (even then, the carrying charges keep growing).
Out of curiosity does anyone know the economics of these teardowns being converted into duplexes???
What does it cost for a builder/developer to buy a property, (payoff whoever they have to) to get the project approved, and then build, put in appliances and sell it?
How much do they typically make?
Thanks, Mark….
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