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by dazc 303 days ago
I remember when house prices doubled in the space of 3 years and it wasn't a supply shortage that caused this.
1 comments
LargeWu 303 days ago
Sure, because demand went through the roof. And demand is currently high again. So either we need fewer people, or more dwellings.
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frabcus 303 days ago
Supply of finance is critical factor in this not mentioned enough in this thread.
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dazc 303 days ago
It wasn't a surge in demand either..
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LargeWu 303 days ago
It was a surge of demand, driven by the availability of cheap money.
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cloverich 303 days ago
Yes but thats misleading because the demand surge was people who want to live in the homes AND investors.
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