With property prices this high I think it's inevitable. Who is going to be pro development with $1.5m on their mortgage and a property worth $1.7m? Their equi

With property prices this high I think it's inevitable. Who is going to be pro development with $1.5m on their mortgage and a property worth $1.7m? Their equity and net worth is both fragile and contingent upon vehemently impeding the construction of new housing.