Quote:
Originally Posted by ChiRy
because most people with money, and with balls, dont do real estate.
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I'm betting you've never had any connection to building anything.
Developers risk everything. Sometimes they lose their entire investments...common around 2001, 2008, 2020...
It's not easy to balance costs, risks, features, etc., while money is flying out the door. And exterior aesthetic differences can easily cost more than they're worth in sale price or rent.
Further, even if you're willing to lose your shirt, lenders won't touch anyone without a likely path to profit.
I'm not a developer either, but I've worked with a bunch of them.