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Old 12-11-2008, 08:15 PM   #9
RogerWilco
First Line Centre
 
Join Date: Mar 2004
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A slower market always means more availability of qualified traids. You stand the chance of having a much better built product in a shorter period of time. The builders I work with have slowed down their production because they can't make as much money as they did before. When the builders can't make as much money that is good for you if you can afford it. If you can get money from your home this is the best time to build. You will get a cheaper product with better quality. If you hold on to it for 10 years.

Don't just take the price that the builder gives you, in a time like this you can drop the price. If it is within reason they will take it. Times like this are the best for a new property that you will hold on to. In time like these if you drop a property that is less in value, and build one more in value in 10 years you will make a huge return.

Think of it this way. If you sell a cheaper house that lost 10% and build a more expensive house that also dropped 10%, who will have more of an investment in 5-10 years when the property gains back that 10% or more? The person that held on to the cheaper property or the person that built a higher quality more expensive property. You do the math.

This is my opinion, nothing more.

Last edited by RogerWilco; 12-11-2008 at 08:28 PM.
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