Is there such a thing as saturating an area?
I visit the Outer Banks where the developers are in control, and it sure looks like they have completely saturated the market. Individuals who own rental properties a block from the beach are now having difficulty renting, and without a decent summer of rentals, they can’t afford to keep the place.
Yes, the condo market here on Panama City Beach is saturated. Hundreds are empty and unsold. Some were not even finished.