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It is a problem if it drives the prices out of reach for the local people.
by zizee 12y ago
It is a problem if it drives the prices out of reach for the local people.
- syllogism 12y agoIf the prices reflect stable fundamentals (i.e. it's not a bubble), then yeah, that'll be a problem. But if you're in a bubble, then it won't. So, the articles should be saying something like, "there's fears of a property bubble, but fortunately, we're selling a lot to foreign investors, so we're off-loading our risk". Instead they're saying, "we're in a bubble, and now it's being fuelled by foreign investment!!". Really, foreign property ownership is pretty sweet. You take their money, but are under no obligation to protect the price of their assets in your future policy. So, if prices stay strong, you can redevelop.