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Every sales office says they’re “65% sold.” It’s a script. What you need to ask is: 65% of what? And then dig deeper—what’s the construction cost? What’s the developer’s margin? Early in the cycle, that could be 50%. Late? Maybe 10–12%. Understanding the math reveals the real story. Tune in LIVE on YouTube and Substack every Friday at 4pm to watch Daniel and Peter discuss the latest happenings in the Miami real estate market.
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