3 ms·
It hasn't always been the cycle of the city that it continues to get more and more expensive, though. I don't want the city to be taken over by luxury apartment
by untog 8y ago
It hasn't always been the cycle of the city that it continues to get more and more expensive, though. I don't want the city to be taken over by luxury apartment buildings, banks and Starbucks on every corner, but sometimes it feels like it's going that way.
- Spooky23 8y agoThat is all about cheap money and tax policy. Real estate is the dumbest of markets and always booms and busts. No matter what anyone says, eventually the business cycle will swing and everything will crash again. This is especially true of commercial development where things like depreciation and offsetting tax obligations drive profitabilty, but only for the first few years of a buildings existence.