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If you build more prices will come down and these "investments" will become nonviable.
by ajmurmann 5y ago
If you build more prices will come down and these "investments" will become nonviable.
- mikepurvis 5y agoMaybe, but that is difficult when a) the "investors" are split between connected, powerful people who really don't want to see their investments go negative; and families just getting started who could be utterly ruined by an underwater mortgage, and b) the fact that the housing situation is a crisis now; there isn't time to faff around and hope that ten to twenty years the invisible hand of the market does this or that.