unit glut will bring down the whole ponzi scheme, page-23

  1. 6,100 Posts.
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    Absolute rule no 1 It is the land that goes up, not the building on it. All the talk of Apartments crashing is just bad investment decisions taken by, Councils that thought higher density brings in more rates, Developers that saw a quick buck. Idiot investors that followed the herd. Most of the units are cheap rubbish and slums of the future. Supply and demand forces will eventually self correct.
 
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