Quote:
Originally Posted by kzt79
Basic supply and demand. It seems hardly anyone has any grasp of this concept, unfortunately.
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If you’ve read the earlier posts you can see the supply was recently decreased on this project.
Even then, while this valid point has repeatedly been stated I would shy away from calling it a simple concept. An earlier landlord poster gave his view that supply stops housing from getting too expensive, but doesn’t substitute for true affordable housing. Let me raise just one problem with restricting our lens to supply: what about those who purchase a second or third property in speculation and exhaust that supply? This scenario isn’t novel and has played out across multiple cities around the world.