Re:Researchers Find ‘Significant Rates’ of Sinking Ground in...
by danans on Wednesday October 12, 2022 @02:33AM
(#33173603)
> More demand doesn't result in higher prices, it results in homelessness and/or people moving to alternate markets
I don't know where you are referring to but there is reams of historical data that demonstrates that more demand without an increase in supply leads to all 3 of those.
> My point is that $1.5m prices are not a signal that a ton of people want to live in a particular place.
Yes, and $1.5M in isolation is a meaningless number and not a signal of anything at all without describing what exactly it buys you.
What does signal desirability is the trend line in property prices in a given area and the relative price of equivalent properties in different areas.
I don't know where you are referring to but there is reams of historical data that demonstrates that more demand without an increase in supply leads to all 3 of those.
> My point is that $1.5m prices are not a signal that a ton of people want to live in a particular place.
Yes, and $1.5M in isolation is a meaningless number and not a signal of anything at all without describing what exactly it buys you.
What does signal desirability is the trend line in property prices in a given area and the relative price of equivalent properties in different areas.