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Joined 1 year ago
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Cake day: July 20th, 2023

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  • That’s short sighted. Developers collude with each other and investors. There is serious conflict of interest since everyone on the supply side has lots to gain in ever rising house prices.

    Ironically getting rid or severely limiting these developers to reduce supply is what’s needed to reduce prices. Not short term, but the long hard way until you take away the “investment “ side of real estate. Lower supply until it’s not profitable for these developers and investors.






  • For another level of frustration, you are also competing with international buyers who may find your local market cheap investments. There are legit overseas organizations that advertises to rich people to buy real estate, they work with equally legit local real estate agents to gain access to these “easy” clients.

    You the local resident is disadvantaged as are the local real estate agents. But it’s great for these overseas client. But the end result is what you see, rising housing prices that doesn’t make sense to local residents