Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "Home Prices CRASH $100,000" video.

  1. Most likely due to lower quality finish and reduced features such as tank water heater vs tankless, low grade carpet rather than travertine, less ceiling detail. Many ways to provide a lowered price house that do not actually represent a truexreduction. On the buyer's side is the fact that builders often have bond debt payments used to fund infrastructure within the development. In Florida these are called CDD fees and are applied to yearly property tax but sometimes have prorated amounts due at closing for the current year. If houses do not sell the builder is responsible for all those payments for each vacant lot still in their possession. This is one reason why developments are done in phases. Another is that subsequent land purchases for additional phases at accomplished via exercising of options they own on the land. If market softens then they do not exercise and thus only lose the option premium.
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