4 ms·
Well, correct. There are lots of other expensive things you can buy which don't have any issue with price increases no matter now many people want to buy. Bo
by brc 11y ago
Well, correct. There are lots of other expensive things you can buy which don't have any issue with price increases no matter now many people want to buy. Boats, for example. If lots of people start buying boats, then the number of boats being made increases, but the price of boats doesn't really change.
We can build units quickly and relatively cheaply (certainly the cost of building has fallen over time, certainly on a like-for-like quality basis. As you say, steel frame buildings with lift access can create housing units quickly and cheaply.
The issue is restrictions on supply caused by government policies and nimbly-ism, plus a general desire to shelter parts of the community from market forces.
It wouldn't matter how many Chinese investors wanted to buy apartments if supply kept up with demand.