4 ms·
So what about increasing supply by building more?
by mpg33 14y ago
So what about increasing supply by building more?
- adrianmn 14y agomost of the highly desirable areas are either fully built or land costs a fortune. this is exactly the problem for housing prices: supply can't increase while more and more people want to live there(world population keeps growing and migration is at peak levels) opposed to that there are countries, cities or neighbourhoods where you can buy property cheaper than the price of building it
- GFischer 14y agoFor example: a lot of Detroit, Michigan.