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by PaulDavisThe1st 158 days ago
One of these things precedes the other in time, however, which may be significant.
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But not in the causal chain. The building happened because someone was willing to pay for a fungible asset. An asset is only fungible if there are buyers.
> The building happened because someone was willing to pay for a fungible asset.

Building often happens because a developer believes someone will buy the homes they build. A lot of the time, they are right; some of the time they are wrong. Some developers will get buyers lined up first, to minimize the risks of being wrong; many do not. In the latter case, there's no inherent connection between the building and subsequent buyers.