Yep. And the way the developers--on Bravo's Million-Dollar Listing--think, they not only want market price but also to set a new record for market price (per square foot).
Of course they want that; who wouldn't want more money for their business? But competition can drive the price down just like any other sector, and allowing for more housing to be built means more competition.
TulliusCicero|9 years ago
billpaetzke|9 years ago
I'm just saying that there is significant ego on the developer's side of things.