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by TulliusCicero
574 days ago
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It's definitely harder to analyze building for people actually buying homes vs renting, simply because buying property is susceptible to bubbles in a way that doesn't happen for people renting. People don't go irrationally beyond their means for rentals in the hope that the rental will appreciate in value in the long run and they'll be able to "hold onto it", because it's a rental. Something similar happened to Spain recently, where there was a huge building bubble before (real estate was an insane % of the economy IIRC) and now they're not building enough. |
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