Subject: [sharechat] Omaha beach up date
by macdunk
I visited this subdivision to keep up to date with the FA of
hqp. The subdivision covers a very large area by memory 146 hectares flat
to slightly sloping with very little earthworks required to
landscape. the roads kerbs footpaths and services are all
completed . The sections
are clearly marked with small sold signs on each one. I
drove up and down at least twelve streets searching for a section that was
still for sale without luck. Hundreds of sections the very cheapest one
costs $220000 I was told later. The real estate office was closed,
so I called Into the first mreInz office on the way back to go over the
building covenants, plus get more Info on how well It was selling. The
agent told me { exact words not to be taken as gospel}. He
said :fourteen sections left on this stage so far they have sold 76
million dollars worth". I asked how
much did the greedy buggers pay for It In the first place he said 17
million. I was told one stage left to go, a smaller more high
density living style suburb. The covenants are the strictest covenants that
I have ever encountered, a five thousand dollar bond for starters, with two
sets of plans submitted for approval before being allowed to apply to council
for a building permit. About twenty pages In all to comply with. Then
even when you sell, the covenants are stuck to the title
for perpetuity. My own opinion Is they are getting double what was
expected, selling at the top of a building boom after buying at the
bottom. That Is my last post on this company promise, but expect a I
told you so In six months time. I sold out on AIA, I chickened out If you
will excuse the pun, I need Ideas on a new company to replace It. Any one
done the homework on fishing companies?. Fish export potential Is on the rise
with this chicken
scare.
cheers macdunk
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