In this economy right now the local builders are just barely hanging on to their hats. They are making payments on the loans for the spec home, maintaining the property, heat/cool, maintaining yard or snow removal, Electricity and then on top of that they are paying the real estate property taxes for the time that the home sat on the market unoccupied. Each month after each month all of these bills accumulate and add up quite high and often are the culprit of huge costs to the builder that will either be passed along to the new purchaser or the builder takes it directly off of their profit margin--which lately there is NO profit to take it out of.
Have any of you talked to your auditors offices about working with the builders to make it a little easier on the builders? It would help to keep the end cost down for the purchasers, thus moving more inventory.
I would love to hear others input.
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