Mexican Housing Market Is A Goldmine

Developer and investor Sam Zell finds big money in small Mexican homes.
August 25, 2004, 1pm PDT | Chris Steins | @urbaninsight
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"The phrase 'Mexican housing market' used to be an oxymoron. The masses couldn't afford houses, so nobody built them. But Sam Zell's international investment company has found that the Mexican housing market is now a goldmine...

Each takes about five weeks to build and costs $20,000 to buy... The 15-year-old Homex breaks down the house-building process into 130 discrete tasks. It uses a centralized computer system to monitor the 12,000 tasks that take place daily in the 22 cities in which it builds houses."

Thanks to Laura Kranz

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Published on Tuesday, October 25, 2005 in The Slatin Report
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