We're buying a new block of land and I've discovered that the former farm cost them a few mil to buy... they'll be subdividing it into approximately 2000 lots starting at (currently) about $140k each.
$140k x 2000 = $280 mil
Wow, infrastructure for 2000 blocks costs $275 mil? Yeah right.
Seems like a very nice price, unless you're the sucker paying for the subdivided land. The profit will be even higher since some of the premium blocks are pushing $180k, and the average price can only go up as they release more.
I think it would be way cool if I could buy up a few acres in a fringe area and do my own little estate.
