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> There will be developers building anything legal to build at any cost level that they think will lead to returns Have you ever considered that developers als
by bradlys 3y ago
> There will be developers building anything legal to build at any cost level that they think will lead to returns
Have you ever considered that developers also own existing property and land?
Developers and construction companies are not the same.
- ch4s3 3y ago> Have you ever considered that developers also own existing property and land? Yes I have. I know someone well who does site selection for an affordable housing developer, a number of urban planners, and some folks who work in construction. Developers pretty universally want to be developing properties as quickly as they can. Deal flow is important. But you know, condescend to me about something I probably know more about than you.
- bradlys 3y agoYet, in any major city like Sydney - developers "want to be developing properties as quickly as they can" and yet will leave the property vacant rather than sell it. https://www.youtube.com/watch?v=lJE3B_ra3lY https://www.youtube.com/watch?v=lJE3B_ra3lY Why does any solution in your mind involve capitalists getting more money?
- ch4s3 3y agoI’m no expert on Australia so I won’t comment. But I’m the US there is demand for housing, available financing, and developers who want to do projects. The blocker here is regulatory. We simply see in the US that when cities allow more housing to be built prices stabilize and sometimes go down.