Re: Not always joking, it seems

In article <dyjvj.11078$XI.8421@[EMAIL PROTECTED]
>,
 Jette <bosslady@[EMAIL PROTECTED]
> wrote:

> If a villa with land costs 200K, but you get 15 apartments in that 
> space, with build costs of perhaps another 200K, then charging 150K 
> for each apartment is a tidy profit.

And if it were really that easy to invest 400,000 and get a profit of 
almost two million, there would be lots of enterprising scots doing it, 
and you wouldn't be able to sell your apartments for 150K. Hence I 
conclude that you are missing some im****tant part of the cost--perhaps 
the political expenditures necessary to get the permit, perhaps large 
costs that aren't in your scenario--you don't say where your numbers 
come from.

-- 
 http://www.daviddfriedman.com/
http://daviddfriedman.blogspot.com/
 Author of _Harald_, a fantasy without magic.
 Published by Baen, in bookstores now