1) Is the cost close to current construction costs, if it’s a premium hold,
if it’s a discount, adjust for condition.
2) Will the unit cash flow to give a cap rate close to Prime.
if it’s not above prime, leave it in the bank
3) have costs reverted to the trend adjusted line for case-shiller.
if it’s at or below the trend line, it’s probably close to a market resistance
point.
4) Are there cover stories in Time Magazine saying “Housing, the bane
of the middle class and “Why renting a trailer is such a good idea”
