Quote:
Originally Posted by chemgear
Maybe I'm mistaken, but I would have thought really cheap borrowing costs would spur better demand than "normal" historical levels.
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All things being equal yes, as bizaro86 says borrowing costs aren't the only factor.
That we're still recovering from a recession is a big factor.
Quote:
Originally Posted by chemgear
Compounding that, I would also assume that there would be more transactions and demand given the growth of the city over the last 10+ years; everything being equal of course. The city has grown what? 20-30% over that period?
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That growth is what pushed the increase in prices.