Though it doesn't make sense, it's the reality today.

But a dose of reality is needed.   

@Arron Paulino You need to come out of theory and into reality. 

Just to give you an example of the type of thing you'd be potentially looking out for, if the community has a pool terrace planned and it's orientation in the new building would face directly towards your property, that could be a source of significant noise and disturbance for you/your tenants, and could make it much harder to sell your property once the new building is built and occupied.On the positive side, new apartment buildings cost millions of dollars to develop and build, and developers really only sink that much money into areas where they're forecasting rent growth and property appreciation for their investment.  

@Scott TrenchPeople thought last year we reached the peak but reality is we are just scratching the surface as many deals that were in trouble were hoping for rates to come down have not - so it’s gonna get worse before it gets betterThis one seems sketch to me honestly as if original poster is reading this why wait four years ?

Prior landlord info doesn’t match reality.  

And truth and reality have absolutely no room in their world

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

He said that the investors on the examples are putting 30% down when I’m reality it’s 20 when I did the math.

They end up coming right back to reality and wasted 90 days to "see if it will work".