Re:Priced out of home ownership – 'It makes me want to throw...
by AnthonyMouse on Tuesday May 28, 2024 @08:02PM
(#40506835)
But what happened to prices in the areas the new residents moved from? Didn't it make them more affordable?
And what would happen to prices in the new area if you kept building, instead of stopping? Finding an inflection point in the curve and passing legislation forcing everybody to live inside it is no proof that there isn't a point higher on the curve where more supply reduces prices again.
And what would happen to prices in the new area if you kept building, instead of stopping? Finding an inflection point in the curve and passing legislation forcing everybody to live inside it is no proof that there isn't a point higher on the curve where more supply reduces prices again.