" 'It is not unusual to start seeing a glut of supply in any property type, mansions included, this late in an expansion cycle,” UCLA real estate professor Paul Habibi said. 'Oftentimes [developers] have a herd mentality about introducing more inventory into the market.' "
" 'The conventional wisdom is that so long as you’re not the last one without a seat when the music stops, you’ll make out OK,' he said.'
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