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Similarly in my home of Vancouver the construction of towers has been constant for decades and prices have only skyrocketed in response. The cause and effect p
by orangecat 12y ago
Similarly in my home of Vancouver the construction of towers has been constant for decades and prices have only skyrocketed in response.
The cause and effect probably goes the other way.
why would builders do this anyway?
Why do gas stations lower prices when oil falls? If they don't, their competitors will.
- Tiktaalik 12y agoYes the cause and effect goes the other way, I just mean to reinforce that the added supply didn't move the needle. Certainly prices would be higher if the buildings hadn't been built, but one wonders just how many buildings does one have to build to get prices to drop? Possibly it's an unrealistically high number.