A price can be justified by land, construction and financing costs. Or it can simply be carried by trend.
The difference becomes visible when the market stops absorbing everything. Some areas remain active because the product and the price still make sense. Others enter a real blockage: developers cannot reduce prices, while buyers either cannot afford or no longer accept the gap.
The asking price is only the starting point. The market validates the rest.
Before your next acquisition, ask what actually supports the price: replacement cost, real demand or narrative?
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