law of supply vs demand rules.
currently housing in great undersupply due to migrants,
population growth, baby boom, governments not releasing enough land for housing development etc.
yes housing is too expensive and I would like to see it drop, but until major changes occur in the supply / demand imbalance I can't see a major price drop occurring.
The situation in USA is totally different to here.
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- segment on 60 minutes ronight
segment on 60 minutes ronight, page-9
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