alt Hacker NewsBecause home builders don't make money by buying and selling houses, they make money by building them and selling them.
Replies
estearum • today at 2:31 AM
And... how is this relevant?
I'm not sure what you're trying to imply here. You should spell it out explicitly.
➕ show 1 reply
nsnzjznzbx • today at 3:22 AM
But building cost > sale value is possible.
Or land ends up better value left as suburban house than developing up.
Or they build where sale cost - build cost is maximized. I.e. different city.
Governments need to build more housing. Make it bland so snobs can price discrimnate themselves to buy builders' homes. Why thrifts by the government home for value for money (and quality).
➕ show 1 reply
This 1000x. Folks don’t get that the primary market != secondary market. Same as pre-IPO stock holder != IPO time buyer.