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Re: How to keep house prices low for generations to come
Quote:
Originally Posted by nomadking
The ones that are bought purely for investment and never rented out, tend to be at the top end of things. They are never going to affordable.
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But that's part of the issue. If the higher end prices are rising disproportionately then people can't move "up" so they stay in "lower" properties and extend and work on them. And that makes those "lower" properties more expensive both supply and because they are extended/improved
This knocks on down the chain to the bottom.
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