Tommy Dobczyk explains why luxury tiny homes are undervalued: dirt removal costs $10 million per 5 acres. On a 19-acre project, that's $40 million, pushing total costs from $90 million to $130 million. Selling units at $1.5 million each leaves a $20 million margin.
Are you in the deal room? Started this before, I don't know, but I can tell you right now, the guys that did think about it are making bank, right? You know, and so I really think that with the lack of knowledge about luxury tiny homes right now, like, people that look at that property, the people that are looking at that property are not mobile home park developers. They're not. And there might be easier places to get it, because the other thing is, it's not that they're— if they did see it, what, you know what they're seeing? Seeing 4 foot of dirt removal that they have to do and put back. Right. Go ask Katya how much dirt removal costs. 5 acres was $10 million. How many acres we got here? 19. Yeah. So let's just 4 times that. We're at $40 million now. So this is a $90 million price tag went to $130 million. And at $130 million, we are $20 million in a margin if we sold these things for $1.5 million each, right?
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