My parents won some kind of big lottery last night where they were given the right to purchase a water-front condo (2 bedroom, somethin like $250k) in a new building in palm beach. Apparently they don't have to pay up front, only 10% now and then another 10% in 90 days. They only pay the rest after the condo is built in a year. Now, I don't know much about real estate, but to me it really looks like these guys are trying to sell as many of these as possible in anticipation of a real estate collapse. Am I on the right track or is this a standard way of paying for new constructions?