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> only so many people can buy a 20 million dollar apartment Yes, and that's what turns the 20 million dollar apartment into a 10 million dollar apartment. If p
by ironmagma 8y ago
> only so many people can buy a 20 million dollar apartment
Yes, and that's what turns the 20 million dollar apartment into a 10 million dollar apartment. If prices are too high, the market will correct for that by having apartment complexes needing to rent out units for less than they cost to build. That is why market research is important and should be on the developer to determine what there is demand for.
- johnchristopher 8y agoI heard the market corrected in Spain by allowing multiple generation loans https://www.dailymail.co.uk/news/article-2537511/The-40-year-old-mortgage-pass-children-House-price-boom-forces-buyers-opt-two-generation-loans.html https://www.dailymail.co.uk/news/article-2537511/The-40-year...