Large developments happening... what should be my investment strategy??

[Kevin W.]

Good morning BP community,

Just to make sure I am thinking about this in the right way... large apartments and housing projects (affordable and market rates & 50 to 100+ units) are being developed in an area that I am analyzing. So I'm wondering...

1. What questions should I be asking myself?

2. Is this a market I should avoid investing in?

3. Are homes near these developments more or less attractive to renters? (these projects are close to a lot of public transportation and large employers).

I think this would pose an issue since it would mean more competition and potentially a saturated market. However, I believe that this shouldn't be an issue if the home is solid and attractive enough (in terms of location or amenities). Any feedback and comments are appreciated. Cheers!