Their land, labor, and material costs aren’t trivial. If thy were pulling a 10-20% margin before, how will increasing volume (which increases costs) make it up?

▲

bryan_w 5 hours ago | parent [-]

They reinvest that generous 10% to buy more tools and hire more talent to build 10x as many homes at 2%. Seems pretty straightforward to me

	▲	estearum 4 hours ago \| parent \| next [-]
		you should go into real estate development and make a fortune while solving a serious social problem for your country!
	▲	pixl97 4 hours ago \| parent \| prev [-]
		Taking on those liabilities is very risky when the next downturn happens and you're stuck with inventory.