Posted by Jim in NC on May 01, 2008 at 05:33:33 from (64.12.117.74):
In Reply to: Re: Fighting Developers posted by Tradititonal Farmer on May 01, 2008 at 05:18:49:
You Are right about increasing the costs. If the market will not bear the higher costs and the economy will not support the investment required, a project will be delayed or better yet, abandonded. The vacancy rate around here is running 15 to 20 percent, and they keep building. In a newspaper article today, a developer said they were over-built for current conditions, but plans are to keep building. It makes sense only if speculation is the only game in town.
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