tag:blogger.com,1999:blog-220533834901226679.post4776598575796557561..comments2015-04-12T21:59:47.203-07:00Comments on Mob Wars Calculator: Land Banking on Mob WarsJester Nimhttp://www.blogger.com/profile/17167346530877466987noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-220533834901226679.post-45260173285860893482008-08-02T08:27:00.000-07:002008-08-02T08:27:00.000-07:00Styling, you're restating exactly what was said be...Styling, you're restating exactly what was said before. It only works for the FIRST TEN. No one claimed it works after the initial ten lots on any given type of property.<BR/><BR/>Read the original post more carefully.Anonymoushttps://www.blogger.com/profile/08623768477209544687noreply@blogger.comtag:blogger.com,1999:blog-220533834901226679.post-38063655400458298242008-08-01T15:11:00.000-07:002008-08-01T15:11:00.000-07:00Is my math wrong or this whole buying empty lots o...Is my math wrong or this whole buying empty lots over banking your cash is false once you buy the initial 10 empty lots?<BR/><BR/>The theory:<BR/>(I) original starting price, you will expense a) $5,000 * 10 = $50,000.<BR/><BR/>Now when you sell them [ALL TEN] in one go you will still be paid at<BR/>b) $10,000 * 10 * 50% = $50,000 (Check - all good)<BR/><BR/>This theory only holds true...if each 10 emnpty lot you buy ..2x the price you bought it for<BR/>but it doesn't..once you buy the initial 10 empty lots<BR/>the price of the emtpy lots only increase by the intial amount..<BR/>5,000, 1,0000, 15,000, 20,000,25,000,30,000,35,0000 etc..<BR/><BR/>(II) Thus, here's where the idea fails:<BR/>a)Buy the 2nd set of 10 empty lots: $10,000 * 10 = $100,000<BR/>b)Sell: $15,000 * 10 * 50% = $75,000<BR/>Thus you actually lose 25% vs the 10% in banking (a loss of $25,000).<BR/><BR/>????Duke Lehttps://www.blogger.com/profile/04810742596908248126noreply@blogger.com