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One thing I never quite understand when housing project are sold out within hours.
Why don't the developer just jack up the price more..??
Like...if I run a business with limited supply and people are buying out everything the minute it became available....I would jack up the price to the point they will sellout in days...not minutes.
It seems like all the buyers are going insane and think they are getting a great bargain price, why not just up the price another $20-30K? Seems like an easy way to make a few extra million in profit.
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