There is an old saying in speculative development: "It isn't important to be first, it is important to be the first to be second". In other words, the speculative developer pays what it is...well..."speculated" to be worth while the second owner pays more nearly what it is worth at the current time. The second owner takes advantage of the risk and timing miscalculations and usually can afford to modify the project to more nearly suit demand. Hind-sight is always better, right?
There are currently 12 users browsing this thread. (0 members and 12 guests)
Bookmarks