Quote:
Originally Posted by westopher
Your logic makes sense, but I assure you thats not the case. Anthem has already built their entire building at marine and fell without selling a single unit. If they don't need to secure financing, like a smaller builder would, and they have multiple buildings on the go in the same area they will certainly hold back units to control supply. When people have 20 choices in a few blocks compared to 100, the panic sets in and they make an emotional, and often overextended purchase.
They aren't worried about risking moving down the line to add some profit. Its a fucking long one.
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Is the same with big developers. They build one complex at a time when fully knowing they are going to build 10+ buildings in the area. To drive up demand. Also if the first one sells well, you can bet the second, third price will go up. If the first don't sell well they can always delay in building till price goes up.