Tuesday, February 17, 2009
have a niche, cheapo
if you are good at everything, you are great at nothing.
the homebuilder in manhattan (only) has hoops and hurdles of regulation and zoning laws to build vs. one who builds in phoenix, vegas, and florida together. why go through the extra hassle? because the barriers of entry are higher, allowing him less competition, greater cushioning, and less people willing to go through what he did.
it's like how the jaybirds were excluded to bankruptcy, litigation, hostile takeover, and other low-brow law proceedings. they flocked and thrived in this area with less commercial interest/competition, ultimately taking over the bluebloods that once shunned them.