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Or surplus luxury apartments simply go unoccupied, being used as stores of value.
by tangent128 10y ago
Or surplus luxury apartments simply go unoccupied, being used as stores of value.
- ajmurmann 10y agoYeah, I know about that from other articles. That sounds like a inefficiency that will resolve itself as that market gets saturated and these apartments go down in price. They will be much less attractive investments then. If you prohibit the market from going its course they will remain empty.
- popmystack 10y agoI will never understand how this passes for reasonable thought. It's totally unscientific, proven to not actually happen after nearly two centuries of various policies. "It'll fix itself" is not and never will be the answer.