New Home Builder Discounts

[Restrain]

Got a copy of a contract from one of the nations largest builders (found in virutally every area of the Metroplex). June, 2001, there were no discounts being offered. Now, I'm looking at a contract for a home, $354,000 "Market Base Price", with a $28,500 "Market Discount". That's an 8% reduction because that's what it takes to sell the home. Now, what about the poor sod that bought a home at "Market Base Price"?

Roger

 

[George W Dodd]

Its called a market cycle