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But isn't this creating a house of cards? Or are we heading towards China, where there are in many cases more apartments than people and yet prices have never f
by N1H1L 5y ago
But isn't this creating a house of cards? Or are we heading towards China, where there are in many cases more apartments than people and yet prices have never fallen in the last three decades.
- mac01021 5y agoIf a large fraction of the dwellings are truly unoccupied then it is a bubble plain and simple. If it's just a matter of out-of-state money willing to pay a high price to own houses that they can then rent out for a high price after cornering the market, then it's less clear.