so true not unlike the condo market in Vancouver, or Toronto etc --- prices go high......suddenly everyone with a shovel is a developer...too many units on the market, only the big, stable, long history companies survive and build during the downturn and glut of units -- when the small guys are shaken out of the biz, the units are sold and supply dries up, the only ones who were building during the bust are the ones who have something to sell when the market turns -- no one else has supply!