I consider rising home prices to be bad for a country. It is a burden on the young people and benefits the people who have more than one property This is also the view held in New Zealand.
http://www.todayonline.com/World/EDC120823-0000084/High-NZ-home-prices-causing-anxiety
http://www.todayonline.com/World/EDC120823-0000084/High-NZ-home-prices-causing-anxiety
In New Zealand they probably have a Government by the people and for the people.
ReplyDeleteNot in red dot. Here, the situation is likely more of a Government by the people but for the rich foreigners and elites.
What a sad, sad consequence of years of trust in one party rule.
It depends. if you own a property you want the price to go up but if you are buying it is the opposite.
ReplyDelete