brickman99.bsky.social @brickman99.bsky.social · 23/03/2025Developers of residential properties are price takers, not price setters. The ability of people to buy apartments is constrained by what they can borrow, which in turn depends on their income and interest rates. 100 1
brickman99.bsky.social @brickman99.bsky.social · 23/03/2025The point is there are many approved developments where supplying the residence ‘at cost’ would deliver a dwelling that would exceed the current borrowing capacity of potential buyers. Hence the apartments do not proceed. 000 0
