08-21-2006, 12:52 PM
quote:
Sorry Aaron, while it is true that they offered a new car with the purchase of the homes, they also raised the prices by $20K at the same time. Cutting losses?! What losses? Their construction cost was around $120/sq.ft. and bought the lots for less than $40K. Add the marketing cost and do your math.
Well I checked http://www.hawaiiinformation.com/REsearch/
There is currently 12 houses for sale in
Discovery Harbour. Now 16 more houses are
dumped on to the market. It doesn't take
a rocket scientist to see that is going
to have adverse effect on property values
(at least in the short term). Whats worse is the fact the upset price is less than what the other steel frame homeowners bought their houses for.
I stand by my assetion that they are cutting and running. It states that on the auction
website.They are freeing up capital because of death in the family...which is pretty lame excuse.