I was just about to say this. These developers are only building “luxury” apartments and homes. The government really needs to subsidize the market to incentivize affordable housing development.
Building houses is cool but most Americans rent prices are so high they can’t save enough for a down payment on the house. Americans need new construction houses that are designed to be starter homes, down payment assistance, and new construction apartments that are designed for affordable rent prices. Not everybody needs 12 ft ceilings, granite countertops, community center etc etc.
Builders and landlords just want to stunt like Birdman.