Home market prices they say have stopped rising, page-20

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    According to the laws of supply and demand going around since Adan Smith's time, prices must be falling for two reasons:

    1 - Because high prices are forcing people to look for alternatives (substitutes), and
    2 - Because high prices have been causing builders to look for new and cheaper and more efficient building materials and construction processes.


    https://hotcopper.com.au/data/attachments/6719/6719977-c6ecd49993fb159f14434b7c2ac0906c.jpg

    The substitute.

    https://hotcopper.com.au/data/attachments/6719/6719997-391499eefcd5053892a9ee1e022a28fa.jpg

    The cheaper and more efficient method of construction as exemplified by the disastrous structural problems at Mascot Towers, and to a similar extent, Opal Tower in Sydney Olympic Park.

    But all these problems are about to be eliminated thanks to an extra dose or two of deregulation.



 
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