by Patrick ➕follow (59) 💰tip ignore
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People like to debate me, but the math is as simple as that.
dramatically increase supply of housing. In areas that are already built to the max, this means converting mall space to condos, or failing commercial space to townhomes.
What I’ve seen is that the lower end homes are rising dramatically in price, with the ones in less desirable zip codes rising the fastest. To illustrate this, my zip rose 3% last year while a zip only 5 miles away in the same city rose 39%!!!
Yeah. Doesn't he know that his first and only job is to constantly say, "Now is a good time to buy!"
Unfortunately it’s not being built fast enough to release any of the pressure on demand.
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