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no your building costs arent the same, in this case all that is being done is creation and sale of 2 lots. it is a fallacy that sub prime lots cant be extremely profitable, all the downsides you mention are in deed downsides but if taken into account when working out purchase price it becomes...

even if it is profitable? surely profit is all that matters, it could be backing onto a sewer and cemeaery for all i care