3 ms·
> How come there isn’t a household name akin to Apple for apartment development? Because real estate development is capital-intensive on a fairly unique scale
by thr0wawayf00 4y ago
> How come there isn’t a household name akin to Apple for apartment development?
Because real estate development is capital-intensive on a fairly unique scale and it's very easy even for good developers to go under. It also doesn't scale in the same way because builders are subject to all of the tax and regulatory implications of each market they're in.
They go bankrupt all the time due to market forces outside of their control. Just look at the price of lumber over the last couple of years. Markets can move more quickly than builders can react because big projects can take years and building supplies can double in price in a matter of months.
> I want to be able to stick to one amazing developer for a consistent experience across multiple markets especially now that remote work is becoming a permanent option for multiple developers.
I don't how realistic a vision this is because it's not like developers that dominate a market are inherently incentivized to do good work. In fact, demand is so crazy for builders that getting good work done at all is becoming harder and harder.
- MattDamonSpace 4y agoYeah I think the idea was to have a proper functioning market in which a dominant player gains their position through directly winning over and maintaining customers
- encoderer 4y agoHere’s a big one: Real estate development is not nearly as advantaged by labor arbitrage. In America you basically have to pay people American wages to develop housing. Not so for iPhones.