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> You think building more apartments in Cumberland, MD will increase prices, or decrease prices? > So many of those buildings are empty. > The answer is prett
by jjav 4y ago
> You think building more apartments in Cumberland, MD will increase prices, or decrease prices?
> So many of those buildings are empty.
> The answer is pretty obvious, here. Prices would likely drop.
If many of the existing buildings are sitting empty already, it sounds like there is far more supply of housing in this city than demand. So prices are already as low as they can go, since rent can't trend to zero.
So seem like building more housing there couldn't really drop the prices further.