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Speculation and low interest rates are nationwide issues. Locally, price increases are almost always caused the population growing faster than new homes are bui
by pxeboot 8y ago
Speculation and low interest rates are nationwide issues. Locally, price increases are almost always caused the population growing faster than new homes are built.
- kokokokoko 8y agoBut if Cleveland cannot keep real estate prices stable, with a rapidly declinig population, how in the world could anyone realistically expect a place like Portland, Seattle or the Bay Area to? Local policy does not appear to be able to even fix this with a declining population. So please answer me. What is Cleveland doing wrong that is causing their real estate prices to climb higher than inflation? What can Cleveland do?
- pxeboot 8y agoMy speculation and low interest rate points still apply. Maybe Cleveland was undervalued before? Maybe the population declines are mostly non-homeowners? So before naming something specific they are doing wrong, what should a house cost? Cleveland is still so much cheaper than many other cities, they might not be doing anything wrong.
- anigbrowl 8y agoWhy are places where the population is declining seeing an increase in real estate values?
- imtringued 8y agoPerhaps increased real estate values drive out people?