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Old 05-17-2007, 05:54 PM   #7
ChrisCantSkate
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Join Date: Aug 2001
Location: orlando florida
Age: 41
Posts: 9,662
those houses im guess built will sell from anywhere between 2-10+ million. you have to remeber that almost all the time, unless the whole community ends up being a bust, the value of your property+house will be alot higher than the cost of each individually, then theres the appreciation of real estate, which is low right now due to higher returns per risk-unit in the stock market, however that means spending 2 million on the land and building will net you 3-5 million worth of equity, where as 3 or 4 years ago you could be looking at 8-10 million for the same houses without much change in the cost of land. still they can and will go up as more lots are bought, and demand rises when someone wants to be there. sure the 24k a year in fees is alot, but if you want your own private racetrack plus all the amenities this community has, 24k a year is a steal.
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