At the low point earlier in the week, such a buyer would have been expecting a profit of more than 100 percent.
In other words, buyers expect to have no trouble selling them.
When a house is purchased for $500,000, he said, both the buyer and the seller can probably expect to pay from $1,200 to $1,500.
Whatever the buyers had expected, the sight of this naked child was not it.
He also said buyers of such homes expect at least one bathroom for every bedroom.
The buyers should not expect a sure and quick profit.
When the building is completed, the reality can be very different from what the buyer expected.
In turn, a buyer might expect an annual return around 15 percent.
And buyers who learn that the price has been reduced once may expect it to be cut again.
What's different now is how much buyers expect to get for their money.