Build new appartments 16-20 units

[Ryan Webster]

In a market where there is little supply of older multi family unit. They are alot of people building new multi family units. The number make sense for me to jump in and build. ( I own a construction company which drive my cost to build down.) My concern is the constant increase in supply should ultimately drive the rent prices down as we all start to compete for tenants. Population grow is good for now 12% agr. Does anyone have experience in building new multifamily?