[Dianna]

While a single-family home builder generally constructs units as orders come in, a condo developer builds all at once and hopes for the best, adding risk.

Buying in two or three years ago...things change. Sorry.

[elpadre]

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.