Sounds like an opportunity...
......Sounds like an opportunity.........
In Knoxville Tennessee a company is advertising exclusive lakefront property at about that megadiscount rate. They quote sale prices of adjacent properties in the project at three or four times the current fire sale.
Imagine the chagrin of the neighbor who paid 400 grand for a property and the one next door goes for only 75 g’s
Yeah, it’s an opportunity.
If you can afford to sit on it for a generation until the housing supply and demand even-out again.
Buying a subdivision without no homes or almost no homes could be a chance to build a neighborhood to a specific set of values in a conservative HOA.
Not when they are worth 10 on the dollar, no opportunity here. When housing prices were obsurd developers would pay anything knowing they could pass it on and a buyer would show up willing. Now those parcels of land they paid rediculous sums of money for, aren’t worth didly, particularly undeveloped.