Some real estate developments are funny. Places like the one in the image used to be complete desert a few years ago. Now they are hot enough to build several 5 story buildings on. Isn’t that fascinating?
The thing is this though. The places where they build isn’t always very logical or good. It usually has more to do with a persistent and hard working land owner, a municipality or county office’s decisions and the ratio between supply and demand in housing.
For a real estate development to take place there needs to be a plan that allows the buildings you want to put up. Those plans are made by the municipality after a landowner has ordered them. If the municipality finds the land appropriate to build on, which they usually do if there is a persistent enough land owner to bug them for years, they make a plan. That plan is valuable. It transforms rural land into lot’s. Once the plan is in place, you need enough demand for housing to get the sale prices you need.
