Chapter 7 of "The Great Housing Hijack"
My Favorite Quotes
“Property owners will not flood the market with new homes…”
“Property… rises in value over time even when undeveloped…”
“Property developers can observe how fast they can sell at different price points and discover what is the best rate-of-sale and price combination.”
“... selling too fast one month will mean slower sales and lower prices the next month, and again the following month, and selling too slowly means more sales next month.”
“Since buyers only enter the market at a given rate, it makes sense for developers to match that rate.”
“You don’t eat tomorrow’s lunch today.”
“... supply is just demand from current property owners.”
“On average, the price received per housing lot grew by more than 200 per cent over the life of these long-term housing projects. For every extra home sold in the initial price, they gave up selling one more home later at a higher price. Cleverly, these projects did not undercut their future gains by selling too quickly early on.”
“If developers could produce a different mix of dwellings and make more money, they would.”
Find your favorite quotes. Book available at https://www.amazon.com/Great-Housing-Hijack-keeping-Australia/dp/176147085X