I'm about to make the final leap into buying my own "home" - or rather, a promise of a home... they are pre-construction plots where hundreds of apartment complexes will be built. There's no ETA on the construction date when they will start... the plots are going for 1/10th of what the apartments are actually supposed to cost once constructed...I actually wrote a post trying to battle out the positives and negatives of it but I'm still undecided.
Has anyone purchased this way before? If so, was is worth it financially? What issues/extra costs should I look into? How long did you have to wait until construction was set?
Any and all advice would be so welcome!