4 ms·
What if “someone else” doesn’t own “an old place” in the same housing market? Like say, all the new people moving to an area?
by jahewson 7y ago
What if “someone else” doesn’t own “an old place” in the same housing market? Like say, all the new people moving to an area?
- chii 7y agoIf the area is attracting immigrants from other counties/states, then it means demand is increased. It doesn't change the fact that building an expensive condo will only decrease demand (even if it's the high-end demand). Unless the thesis is that high end condos themselves attract immigrants. I don't believe that to be the case.