A Interesting thing about people selling fear, it can be very telling of what is actually the thought process inside someone's head.

Fear of overbuilding 250 luxury new apartments? Get real, Gilbert's ideas on where he wants to go in this town are a hell of a lot bigger than that plus he isn't interested in taking an entire generation to get there. Too much coming on line at once is a short term manageable problem. Not having the inventory at all is a much longer term issue.