i would like to know:
why are developers continuing to build and infuse such a huge volume of inventory in the local housing market ?
obviously, it can't be because they want to make more money. we all know that more houses doesn't mean more money. and why are they denigrating the value of homes they have yet to sell instead of adding infrastructure, amenities, green space, that are sorely lacking for a successful housing market etc. how do they plan to sell inventory that's already just sitting there with nothing but more construction in site? surely with 7500 properties on the market only a dimwit would build more residential? i mean surely they must be getting some heat from their lenders about the fact that they're clueless on the marketing and development side. i'm just a business person, so it's difficult for me to understand the lack of business sense and logic here.
is it ignorance? is it arrogance? is it both? the only answer i would prefer not to hear is "that's how we do it down here". thoughtful responses only please!
why are developers continuing to build and infuse such a huge volume of inventory in the local housing market ?
obviously, it can't be because they want to make more money. we all know that more houses doesn't mean more money. and why are they denigrating the value of homes they have yet to sell instead of adding infrastructure, amenities, green space, that are sorely lacking for a successful housing market etc. how do they plan to sell inventory that's already just sitting there with nothing but more construction in site? surely with 7500 properties on the market only a dimwit would build more residential? i mean surely they must be getting some heat from their lenders about the fact that they're clueless on the marketing and development side. i'm just a business person, so it's difficult for me to understand the lack of business sense and logic here.
is it ignorance? is it arrogance? is it both? the only answer i would prefer not to hear is "that's how we do it down here". thoughtful responses only please!