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Thanks for putting the report. Oversupply is a problem for owners, not for renters and newcomers. The very people buying property and parking it are not making
by conanbatt 9y ago
Thanks for putting the report.
Oversupply is a problem for owners, not for renters and newcomers. The very people buying property and parking it are not making a sound investment, and they will naturally pay the price for it.
If what is happening is that speculators are dumping all this cash to make properties, then the best course of action is to do nothing. Eventually they will lose, but the buildings are still there. And there is plenty of space to build around. Housing is not a limited asset like its often portrayed. Its truly unlimited, thats why you can find land almost for free.
- tmnvix 9y agoMy main concern is that all of this is setting us up for an even harder correction, and that the people currently taking great speculative gambles are prepared only to own the reward but not the risk - we will all end up paying for that.
- conanbatt 9y agoIf properties crash, how do speculators not lose money?