I imagine they are setting fires to get insurance money from houses that haven’t sold.
But seriously, the cost of building new houses should be cheaper now, because demand is down. Fewer houses being built = cheaper labor, cheaper supplies, etc. Good for us.
My wife and I have followed this area for a year. It’s tremendously overbuilt right now, and so we’re holding off on buying for a few years there. We’ve seen many of the newer places not sell their, or the same listings for many months now. We rent a 1250 sq foot place 2b/2b, with pool, workout room, and allows dogs for 2500/month. The time to get in early on those properties has passed already.
Warning – some of the condo buildings/reuse buildings don’t even have parking in the structure – it’s rented out from other buildings. That can change in a second. Also, one place we looked at with a nice view, but didn’t get, already now has a new building going up, which will totally block it’s dowtown view.