So you want to be a Developer ???

[Jay Hinrichs]

Well you want to be a Developer.. 

here is one tale.. On one of my California properties.. turns out we have some pretty valuable Tiger salamander habitat

depending on the study we do... mitigation is between 165k to 195k per acre with 1 to 1 and up to 3 to 1 offsets.

so 165k and acre to potential of just under 600k per acre to mitigate these guys.. cash to the govmit.

and this is just one thing that needs to be addressed... usually the whole property is not affected but a neighbors property is 10 acres and 1 acre is affected depends on 1 to 1 or 3 to 1...

now our property is worth 1 million an acre as development ground.   but these costs are just out of the stratosphere and what to mitigate a Salamander.. its not like we are paying for schools  Police  fire hospital or some other offset.

No wonder there is no affordable new construction in many parts of the country.. 

And No wonder i have concentrated on Oregon and SC to develop in.. CA is uber tough.