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Overbuilding can lead to an oversupply of properties, resulting in decreased property values and rental rates, which can harm both investors and homeowners. This saturation can strain local resources and infrastructure, leading to increased congestion and decreased quality of life. Additionally, it can create financial instability for developers and lenders if projects fail to generate expected returns. Ultimately, overbuilding can disrupt local economies and lead to long-term market imbalances.

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What what the depression of 1893?

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