Condo Deposits: Building With Buyer's Money
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Condo Deposits: Building With Buyer's Money
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Summary
How do developers break ground on a condo tower using money that isn't theirs?
We unpack how presale deposits actually finance for-sale development: the two jobs every deposit does, and how three states (Florida, New York, California) write completely different rules for the same dollar.
Then we follow the risk to where it breaks: what happens when buyers walk. Because the deal is won or lost in the structure and the downside, not the headline return.
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