> My main point is when the building is completed, and it's time for the developer to sell the shiny new building; the price you pay is exactly the same. It is

> My main point is when the building is completed, and it's time for the developer to sell the shiny new building; the price you pay is exactly the same. It is more complicated than that. The way that supply and demand works, is that if costs go up, then there is less reason to create new supply. And a lower supply of an item, means that prices, for the overall market, will go up. That is how supply and demand works, and housing is no different. > You the buyer will not receive a better deal ever. The market determines the price. The market is determined by supply and demand. This is standard, 101 economic theory. If costs go up, supply go down (or supply increases a smaller amount), and price goes up.