Originally Posted by
forest
Why are resale apartments going so well and “new apartments” stalled?
I have no answer for now, can anybody else shed some light ?
Maverick thanks for all your detailed information on this forum it is greatly appreciated.
My comment lacks detail however it might clarify your question a little.
OCA is different as you know to the other RV companies in that OCA demolish many units on their brownfield sites.
When they rebuild and report that they deliver an x number of units that does not mean that they have x number of units for sale.
For sale will only be the number of new units minus the number of new units needed to house the residence from the demolished units.
So the unsold delivered units are still occupied but no sale revenue can be gained until the resident from the demolished unit moves on.