this post was submitted on 06 Sep 2023
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chapotraphouse

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Saw a new 20-story development is going up nearby and checked out prices. Mao should have killed more landlords.

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[–] hexaflexagonbear@hexbear.net 7 points 2 years ago

Also in my area since the interest rate hikes new construction condos have been significantly above the market rate. Because the developers simply do not have to sell, lmao. Probably have hundreds of people contractually obligated to buy at the price they agreed to using the interest rates from 18 months ago. Hate this shit so much.