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Old 09-09-2016, 12:04 PM   #8239
Hondaracer
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New west downtown probably has some good value right now.

In terms of that developer strategy holding units, every developer I've ever worked with has done exactly the same thing, it's a developer thing not just a greedy Bosa, onni, etc thing

Smaller developers we worked with who would have anywhere from 20-100 units going at once would presell 3/4 of the most desirable units then pretend the other quarter were sold as well. They would then open their sales center and gauge interest on the remaining units, if a handfull sold in the first week, the price would be 40k higher the following week.

Then once the less desirable units were all snatched up at 130%+ original asking price, they would reintroduce that last quarter of the most desirable units now relative to the price of the cheaper ones.

Can't really blame them for following these strategies. We all would do the same if we were in that position.
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