Too much development a bad thing?

[N/A N/A]

I just bought a house in a new subdivision because the area was well isolated and quite. I plan to rent the house after living in it for a little while. However, I've learned that this subdivision will expand with another 100 single family homes, and that adjacent to this subdivsion two more subdivision will be developed with about 125 and 200 more units, respectfully. The whole city is exanding similarly.

Besides the congestion, is this good for home value appreciation or will it lower it since when I try to sell or rent it, most of the other homes will be brand new and this will be a couple of years old.

Thanks...

newcomber.