Real estate developers make 15-20% returns over life of project. Property owners made 3-4X that return in last 5 yrshttps://twitter.com/sanfranmag/status/692080495153143808 …
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Replying to @kimmaicutler
@kimmaicutler@AaronPeskin Most developers earn much higher profit % based on "cash on cash" ROI since they use significant 3rd party debt.7 replies 0 retweets 0 likes -
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Replying to @kimmaicutler
@kimmaicutler@AaronPeskin Yrs of exp. Dev puts up $10, borrows $90 from pensions, banks, priv eq. Build @ $100;Sell for $140= 400% cash ROI2 replies 0 retweets 0 likes -
Replying to @RFrances2
@RFrances2 why do you selectively extract from the profits of one and not the other, esp when it's so insufficient for the situation?1 reply 0 retweets 1 like -
Replying to @kimmaicutler
@kimmaicutler Debt int usually fairly small part of dev costs. Let's assume 10% interest, or $9. Thus $40 profit -9 =31. Still over 300% ROI2 replies 0 retweets 0 likes -
Replying to @RFrances2
@RFrances2 SF property owners ROI is still much higher given last 5 years in appreciation, assuming 20% down.1 reply 0 retweets 0 likes -
Replying to @kimmaicutler
@kimmaicutler Fees associated with new build are b/c of new residents.When existing home sells for 4X more than purchase, no increase to pop4 replies 0 retweets 0 likes
@RFrances2 low property taxes get capitalized into higher property values.
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