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Given when we acquired these communities, the capitalinvested in their development, and the rising cost of replacement projects, their inherent value is substantial. The fundamentals of the housing market are strong, supported by continued household formations, years of underproduction and limited supply of resale homes.
Moreover, I predicted these trends would likely continue through 2024, and, looking at the world as it stands today I reaffirm that prediction. I maintain deep conviction in our fund’s strategy, and believe the market turbulence will continue to work in our favor as we sit on a healthy cash position, ready to take advantage of opportunities.
The outlook for capitalinvestment, depreciation and amortization, and R&D expenditures for FY '25 remains unchanged. So, as for the resale, in Mexico, for example, we had a confusion in logistics. However, we are only leveraging it slightly as for the price hike and pricing as well. million units remains unchanged.
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