Quote:
Originally Posted by ikaris
What I mean is the current market value for the unit as per the purchase price as dictated in the original contract. In my particular case, it's not like I asked the developer to reduce the price to what exactly the unit is worth now, just to reduce the price comparably to the price reductions already given the new units that haven't been sold yet as compared to their original offering price (when I purchased my unit).
|
I was sure that's what you meant. That's not really a loss, that's just a mental thing. Definitely not something a builder should be responsible for. EDIT: What ken said.
If I buy a TV and it goes on sale a few months later, I don't think of that as a loss, the only difference is the size of the $$. And the media does a good job reminding us all every day how much of a "loss" we're taking.
And yeah, asking them to match their current pricing is a reasonable request (them refusing is also reasonable IMO).
Quote:
Originally Posted by ikaris
I'm not exactly sure either as to if these clauses have ever been used by the developer to maximize profit. I understand in the example you've provided as to why it would be understandable in those cases, and I think we agree that if a developer would use that clause to maximize profit that it would be pretty egregious.
|
I agree. It might be illegal too depending on the wording, the one I had had wording around the cost of building in it, so they couldn't just exercise it just to make an extra $50k from the guy in line behind me.