Submitted by Beezlegrunk t3_xt1llo in RhodeIsland
kayakyakr t1_iqrqhlv wrote
Reply to comment by htzer in City tax break for ‘Superman’ building would total $29 million by Beezlegrunk
Increasing inventory generally leads to lower prices across the board or improved services as businesses move back into the area to support new residents. In other words, a big boost in inventory should lead to a drop in what that market rate is.
And with the bubble popping on our low interest inventory scarcity market that's driven up costs, the effect should be magnified, especially since the first of these units should be coming onto the market about the time that the market has stabilized at it's new, lower floor and people are looking to buy once again.
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