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Right. If you want to buy a house in a desirable place, you’ll have to compete with other people who want it.
by snoot 4y ago
Right. If you want to buy a house in a desirable place, you’ll have to compete with other people who want it.
- tinus_hn 4y agoIt’s not about buying a house in a place. These are the construction costs if you already have the place.
- PontifexMinimus 4y agoYes because the supply of new homes is artificially kept low by planning laws.
- snoot 4y agoThat’s true practically everywhere in the world. Can you name a place you’d like to live where it is not?
- PontifexMinimus 4y ago> That’s true practically everywhere in the world. True.
- ClumsyPilot 4y agoSupply of new homes is cebtral London is artificially kept low by laws of physics. Not every market is like market of shoes, that allows infinite competition and substitution.
- fxtentacle 4y agoyou could replace one 2000m^2 mansion with a Singapore-style skyscraper and create 2000+ new 1-bedroom apartments ...
- djbebs 4y agoI didn't know the laws of physics was what kept the greenbelt around