[zamalek]

Real estate is often seen as a safe investment. If property prices fall then it is no longer an investment.

[polygamous_bat]

> If property prices fall then it is no longer an investment.

So people who want to park their money in a house rather than living in it are discouraged to buy up the available housing.

Yup, good. Seems like it should be going exactly as expected.

[mortureb]

Good if it’s nationwide but that’s not the case here. You’re just going to have a city with no development besides the one carried out by government.

[HWR_14]

So the harm is people will invest in the stock market instead of buying real estate to rent out?

[drekk]

It's a "safe investment" because people need a place to live and the supply is artificially constrained. Personally don't see why the barrier to having a place to live for new generations should be raised just so that boomers can guarantee returns on an asset.