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by sjducb 10 days ago
If you dump 100 new houses onto a small town you will cause a crash.

My town has a population of 15000 people, ~250 houses are sold per year and there is a development with permission to build ~400 new homes.
1 comments
bcjdjsndon 10 days ago
> If you dump 100 new houses onto a small town you will cause a crash.

This has never happened once... There are plenty of developments built bigger than that that do t cause a crash

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sjducb 10 days ago
That’s because big developers drip feed the houses onto the market…
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bcjdjsndon 7 days ago
Why would you begin building if prices are falling? Why would you see that it requires drip feeding because you're so close to losing money, and go ahead with the £100m+ project?

Besides that, they sell plots before they're even built so why are they drip feeding in those cases? You'd be racing to get it built before materials cost rise even more

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