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by w10-1
315 days ago
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Adding supply would only reduce prices if it was added at the average or below. Even if the number of units increase, the price can actually go up. The relative market power matters most. A developer with cheap bridge financing and a large portfolio of unsold units has every incentive to hold prices to set expectations, while buyers who are occupiers generally are compelled to buy in a certain time frame and location. |
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