> Have you ever considered that developers also own existing property and land?
Yes I have. I know someone well who does site selection for an affordable housing developer, a number of urban planners, and some folks who work in construction. Developers pretty universally want to be developing properties as quickly as they can. Deal flow is important.
But you know, condescend to me about something I probably know more about than you.
Yet, in any major city like Sydney - developers "want to be developing properties as quickly as they can" and yet will leave the property vacant rather than sell it. https://www.youtube.com/watch?v=lJE3B_ra3lY
Why does any solution in your mind involve capitalists getting more money?
I’m no expert on Australia so I won’t comment. But I’m the US there is demand for housing, available financing, and developers who want to do projects. The blocker here is regulatory. We simply see in the US that when cities allow more housing to be built prices stabilize and sometimes go down.
Yes I have. I know someone well who does site selection for an affordable housing developer, a number of urban planners, and some folks who work in construction. Developers pretty universally want to be developing properties as quickly as they can. Deal flow is important.
But you know, condescend to me about something I probably know more about than you.