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this post was submitted on 23 Aug 2023
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Well, I don't know where you live and maybe in your country nothing is regulated, but I live in Europe and in most European countries there are excessive building regulations which prohibit new developments. This results in severe stock shortage. And shortage drives the prices up. That's just a fact.
The whole problem is created by the government and they're the only ones responsible.
I live in Copenhagen, and there are new developments going up every day.
Well, good for you.
The point being that Denmark also has regulations...
Regulations can be different. Some regulations state what the quality of the building should be, but some state that developers can fuck off.
"Stock shortage", lol. Not enough paper being printed causes prices to go up?
Dear god you are the poster child for "confidently incorrect"
I think he meant it as inventory
Ah. Well, we live on different planets. On my planet new appartment costs less than on secondary market. And there is oversupply of housing nobody knows what to do with it.