Or if you equate it to working by the hour or working a JOB.. many who get into the business from an 8 to 5 have a hard time.. 

These units are large, so this pricing equates to $1.30 per sq.ft.So - what we have is a community that will offer 85% of what new construction offers in terms of location, finishing surfaces, and amenities, but at 65% of the cost, or less.

This is certainly going to affect the demand side of the equation at some point.

That equates to 1% of GCI if you are maxing out the purchases as the dollar value of the discount. 

There is a perfect balance somewhere in that equation.

Is somebody on here adding up how many engineers invest in real estate and doing a statistical analysis on it, maybe with mean, average, median, standard deviations, a few transformations and differential equations and coming up with an answer on what percentage of RE Investors are engineers???!!!  

If you wait more than 3 years to sell, Capital Gains Tax will enter into that equation. 

Since the investor put only 15%, the denominator in the equation is low, therefore skewing the total return. 

If the changes to FHA lending standard increases the minimum credit score to 660 as Ive been reading, that is another detriment to the demand side of the equation.

Realizing there are a lot of factors that play into this equation... but if the right location, It appears to me that townhomes are generally cheaper in relation to the corresponding houses in their same area.