"it costs 320k to build"Besides the fact that he's not realised...

  1. sigmadelta
    10,295 Posts.
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    12/03/11
    13:08
    Post #: 8041537
    "it costs 320k to build"

    Besides the fact that he's not realised that new properties _should_ be more expensive than existing ones, he's not realised that prices for new builds are not inelastic.

    The market price of dwellings also affects the price which builders and merchants will have to meet if they are to get business.
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