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by chrisco255
2633 days ago
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Like you look at what percentage of homes go up for sale in specific neighborhoods. If it's like 20% a year that would be pretty high. If it's 2-3% a year, that's a very stable neighborhood and would imply that folks are hunkering down for the long term there. |
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But building skyscrapers would mean more units could be sold, thereby greatly increasing the value of land - as long as demand is there in the lower price ranges.