The Antiplanner has an interesting post that relates to developments here in Greensboro:
What seems to happen is that some developer will realize there is an untapped market for a new housing type such as condos or mixed use. The first one built will be highly successful, causing other developers to jump in. The market might be able to support, say, five condo towers, but before you know it, ten are going up and it is a race to be among the first ones done. Everyone else is in for pain and hard times.
We’ll see.
