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Because you don't directly set real estate prices based on the buyer's income. You simply sell to the highest bidder. The bidders look at their own income and d
by three14 6y ago
Because you don't directly set real estate prices based on the buyer's income. You simply sell to the highest bidder. The bidders look at their own income and decide what to pay. If all the bidders have more money, the price will tend to rise.
- thejynxed 6y agoThe prices will rise without fail, as seen in every real estate market from Shanghai and Toronto to London and the San Francisco Bay area.