The backlog of construction is a lie. It’s greedy companies sitting on multi billion dollars in vacant land waiting to tip the market in their favor. Last place I worked at was stalling to build and creating a red budget for the sake of waiting for the market to pick up again.
It’s not only a problem with sellers and buyers. Most of the surplus in the market is from dying boomers or sellers who thought they could cash in too late in the market.
The backlog of construction is a lie. It’s greedy companies sitting on multi billion dollars in vacant land waiting to tip the market in their favor. Last place I worked at was stalling to build and creating a red budget for the sake of waiting for the market to pick up again.
It’s not only a problem with sellers and buyers. Most of the surplus in the market is from dying boomers or sellers who thought they could cash in too late in the market.