Quote:
Originally Posted by opendoor
I don't know, can you name any countries that solved persistent high house prices with a bunch of construction? South Korea has had a pretty stagnant population and has added over 2% to its housing stock per year (#1 in the OECD), yet their house prices have skyrocketed over the last 20 years as well.
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South Korea (and Japan) has historically had very high build rates because their housing is built to last only about 30 years and then be torn down and rebuilt.