I can see the headline in the papers now.
So what happens to all the these huge houses on the city limits that the developers have been working on.
You see these new subdivisions in places like Albany, huge behemoths maxing out the site and looking real flash with their for sale signs out in front.
They were last year selling in the high 700's and 800's but now the market has softened the developers are going to have to start clearing them, but at what price.
I saw yesterday one with a new RV of $880,000 that had a price tag of $699,000.
Surely this is the start of developers having to quit their properties and cut their losses, especially with the current cost of finance and ability to access it.
Is this going to put a ceiling on older house prices and flatten house prices down overall with a ripple effect ?
So what happens to all the these huge houses on the city limits that the developers have been working on.
You see these new subdivisions in places like Albany, huge behemoths maxing out the site and looking real flash with their for sale signs out in front.
They were last year selling in the high 700's and 800's but now the market has softened the developers are going to have to start clearing them, but at what price.
I saw yesterday one with a new RV of $880,000 that had a price tag of $699,000.
Surely this is the start of developers having to quit their properties and cut their losses, especially with the current cost of finance and ability to access it.
Is this going to put a ceiling on older house prices and flatten house prices down overall with a ripple effect ?
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