this post was submitted on 04 Sep 2024
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Well if we make building an already solidly profitable lot half a percent more profitable then suddenly all the developers will start selling units for far under market rate, obviously. It’s not like developers will continue to sit on land instead of risking completely supplying the market and thus causing unit prices and profit margins to fall, after all they can now add another closet to each floor instead of an interwoven staircase./s