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Developers build to preset budgets and pass along accountability to the next entity, leading to widespread issues, including poor construction quality and heightened risk of structural failures. Even prestigious luxury buildings are riddled with faults that can take years—and costly legal battles—to rectify.
Compounding Issues with New Developments
A major downside to these rapid construction efforts is the inability of municipalities to keep pace with the necessary services for dense housing. Increased populations require efficient traffic management, waste disposal, schools, and emergency services—all financed by local governments. Strain on these systems can lead to additional expenses for the community.