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> look at the numbers for each of the countries I mentioned in the first chart The number is irrelevant - people want to live in desirable areas where's there
by Chris2048 2y ago
> look at the numbers for each of the countries I mentioned in the first chart
The number is irrelevant - people want to live in desirable areas where's there are jobs, and are constrained as such. Rebuilding high density in towns and cities is an issue, as well as maintaining decent services ( hospitals, roads, public transport, post office etc).
You say that houses are being treated as investments, that's why these crises happen; but then why are building materials and tradespeople also at sky-high prices (in Ireland)? Is it all competition on investment building?
- tmnvix 2y ago> why are building materials and tradespeople also at sky-high prices (in Ireland)? Similar issue in NZ. Cost of building materials was getting extreme. There's an argument to be made that these are linked to profitability of building and so increased during the speculative boom. Helped along by the fact that many suppliers are monopolies. Cost of building materials has however started falling considerably since the property market crashed here. Likewise the cost of labour and building quotes overall.