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How do you feel about companies that buy land and build housing on it, hoping to sell? By most definitions that would be speculation and investment...
by Kalium 8y ago
How do you feel about companies that buy land and build housing on it, hoping to sell? By most definitions that would be speculation and investment...
- x38iq84n 8y agoI am grateful they exist and provide housing development. As developers should naturally do.
- Tiktaalik 8y agoThe problem is that in Vancouver they're selling it... in Hong Kong, setting up real estate offices and recruiting foreign real estate agents sell the product outside the city. There's no local demand for the housing at the prices that they want to get, so they have to go outside the city. This of course inflates demand and buyers with incomes beyond local Vancouver incomes crowd out locals.