LVL is selling a development in Toowoomba now. The profit on the...

LVL is selling a development in Toowoomba now. The profit on the construction is very substantial, as retirement villages are great at sucking retirees dry, but the marketing costs are also substantial. Whether the buildings start cracking up in a short time matters nix. In the oldies contract, it is fairly standard in the industry to require them to pay for a full refurbishment of the accommodation to current fashion should they wish to sell. If LVL can keep its head above water until it sells a few stages then they should start doing nicely from all the oldies blood that they suck. Ultra-cheap construction is a great idea, and I think it only a short time before you start seeing rvs made from shipping containers.

I think it disgusting, but it is all perfectly legal and the oldies have the right to say no thanks.

Billy