Quote:
Originally Posted by D as in David
The city's population is growing around ~2% per year - do you think not building additional homes will bring prices down?
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You'd have to build more homes than there are newcomers, and that's even after you've built enough to catch up from the negative hole we're already in, before prices come down. It also wouldn't be an immediate lowering either. You'll just have properties on the market longer (more than an hour) until their sale nears previous comparables.
It's really just a fight of how much pressure can we put on rising prices. It still would take a heck of a massive building boom to get prices to remain steady, let alone bring prices down.