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For the large amount of capital required to build this thing, might as well use it as deposit and buy many 2nd hand homes available now, and ride the current property boom over the next 2-3 years.
For the large amount of capital required to build this thing, might as well use it as deposit and buy many 2nd hand homes available now, and ride the current property boom over the next 2-3 years.
I just realised my crossleased property (on a 2,000m2 site with 3 other houses) is in the new plan is zoned for 4 story appartments in south auckland and has services close, as well as wide enough frontage to do it.
So I am buying another 1 on that site today.
Then I can buy the other 2 out.
In four years time, when Unitary Plan comes into affect, I can build 4 levels of appartments, say 24 ?
Or just sell the concept.
I have been looking at buying properties that could be amalgamated for apartment building, and had a few looks and almost bid on two.
And then I realise today, that I already own land with that "Proposed" zoning, funny aye.
Its all good fun, I might even get to play the evil developer sending the heavies around to beat up on some veteran aged property investor who refuses to sell to me
...you didn't say anything about having to actually contribute BK, so I'm just posting for some steak
... yeay ... looking forward to yummy steak
Derived from "Turbid" ..... akin to toxic Carbide(s) .... by adding "e" to "Turbid", we then have, Turbide(s) = new alternative word for Scumbag(s) .. Thankfully, humanity's minority - May 2012
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