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by jjav
7 days ago
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> But there’s a long way to go between current property prices and raw construction costs. How much? Searching a bit suggests that net profit margin in housing industry is about 8.7% Consindering an investor can get ~3.75% in zero risk T-bills without lifting a shovel, that's about an extra 5% net profit to get involved in building housing. Which isn't nothing, it's a decent profit. But I also wouldn't call extra 5% a huge difference. |
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