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throwaway2037today at 6:16 AM1 replyview on HN

    > already-near-zero margin on real estate development
I did a little bit of research. I looks like 15-20% is a normal target margin for the United States. Is this really "already-near-zero"? I disagree.

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estearumtoday at 1:27 PM

https://www.nahb.org/news-and-economics/press-releases/2025/...

8.7% net profit during a period of explosive appreciation across the nation.

Normal net profit is about 7%.

S&P 500 has been returning more than twice that annually over the past 10 years.

That is how real estate financing decisions get made.