Quote:
Originally Posted by tweetiepooh
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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Don't the "lower" properties need improving whichever way you look at it. The buyers at the upper end are handing over money to the developers, thereby financing more developments, possibly at the lower end.
---------- Post added at 12:07 ---------- Previous post was at 11:47 ----------
Quote:
Originally Posted by Maggy J
Again no one actually answers questions I pose.
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I did in post #4.
Quote:
Originally Posted by nomadking
Probably worse than renting. The allowed increase wouldn't cover the mortgage interest due when it came to selling it. They would face a bill for that.
They are being subsidised by getting the land for free.
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