When the Sum of the Parts is Greater Than the Whole

The strata concept has been used in a variety of ways, no doubt well beyond the scope originally intended. Wily developers have embraced the concept, always looking for ways to sell their dreams. Clever solicitors have aided and abetted that process. For the developer, the sum of the parts is always greater than the whole. Buy a piece of pie and you pay more per slice than you would if you bought the whole pie. So why not buy the whole pie? Because you don’t want the whole pie, is the simple answer. I don’t care if I pay more per piece, as long as I get as much as I want and I’m still better off than if I had to buy the lot. This is the simple but extremely lucrative premise of strata title developments.

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