4 ms·
If it's enough of a problem to cause systemic decline of the city the property prices will have to drop. I just can't see how they would keep on buying and buyi
by auganov 10y ago
If it's enough of a problem to cause systemic decline of the city the property prices will have to drop. I just can't see how they would keep on buying and buying till nobody lives there anymore. Granted it is possible, but if they are in fact that crazy then you can still argue it's better to pocket the money and go build another city?
Somebody else mentioned supply is being added at a decent rate. So perhaps there just isn't really a problem?
- wvenable 10y agoThis has been going on for well over a decade and it's accelerating. There are lots of vacant properties and new properties are purchased instantly for above asking. Supply is being added at a decent rate for the population of the city but not everyone purchasing property lives in the city.