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Yet there are still new subdivisions going up. I know a lot of people trying to sell right now, Pfizer mostly, who can't simply because someone can buy a brand new house for the same price in the same sub or just down the street. At what point do the developers stop building new and wait for the place to stabilize?
Did Wexford ever decide to bail on Saline Township? Did they ever think, pre or post-Pfizer, they'd sell 4,000 units in any short period of time? We're at the point of urban decay if developers continue building while homes sit vacant and inventory levels high.