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@jeffye888 170 days can be sub 100 if they enhance buyer experience and don't play the high initial markup game. Big savings there + as rates come down carrying costs also drop. If they are leveraging cash+ for growth which seems to be the case this further reduces carrying costs. You are missing ~75-100bps addition from title/escrow/mortgage. This can be a 2-3% fully loaded profit stream pretty quickly.

pueokeffer ↗