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If you buy a vacant property and hold onto it until population growth and lack of development brings prices up, who is working?
by n4r9 5y ago
If you buy a vacant property and hold onto it until population growth and lack of development brings prices up, who is working?
- Jensson 5y agoNew entrants, the people who have to pay a million dollars for a small house has to work for that million.
- n4r9 5y agoI don't think that makes sense. It applies to almost any transaction. Those people will be working and earning regardless, it's just that a higher proportion of their income will be devoted to accommodation.
- antihero 5y agoWhoever buys it or rents it