3 ms·

I doubt speculator demand has anything to do with anything in the long term. I also doubt that developers would bother with a market like the one described. W

I doubt speculator demand has anything to do with anything in the long term. I also doubt that developers would bother with a market like the one described. Why not go to some other state/city where construction costs are low and property taxes are also low?

washadjeffmad 4y ago
Blackrock is currently propping up residential property prices in Atlanta to keep the bottom from falling out of the housing market. As the "cheapest of the Big 6", once Atlanta falls, other cities will, as well. General contractors don't just do general contracting, and it's not like tech where you can pick up and move anywhere there's internet.
- gruez 4y ago
  >Blackrock is currently propping up residential property prices in Atlanta to keep the bottom from falling out of the housing market source? On one hand they could be as you said, but the alternative could be that investors think that "cheapest of the big 6" makes real estate there undervalued and therefore a good investment.