Quote:
Originally Posted by chowhou
Use your brain for once. There are a ton of unsold condos, and we've seen a 5+ year reversal in home prices. Why do you think that is? Do you think the prices would have fallen as much if developers were not allowed to build what they did?
We're mostly lucky that developers miscalculated demand for housing near and before COVID.
It doesn't have to be this way, we would have built even more supply if regulatory costs and government supply management were not constraining supply.
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So you think developers will knowingly build into a declining market?
We were just lucky their greed lead to some overbuilding.
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