mattnz wrote:
The AV Jennings release is particularly interesting. I often see the media accusing developers of land banking. It is the first time I have seen them defining this as a strategy. There is definitely something wrong with the model when a business strategy is based on having 5 YEARS of inventory!!! In any other business in any…[Read more]

Hi Ken  This is where a developer wants to reduce the risk and cost of the development by placing that risk and cost on you. For example by not settling on the property they are saving interest cost on any funds required to buy the land. In addition you are occurring costs due to holding the site for some time (e.g. interest forgone and rates).  D…[Read more]