21 ms·

I remember when house prices doubled in the space of 3 years and it wasn't a supply shortage that caused this.

• LargeWu 1y ago
  Sure, because demand went through the roof. And demand is currently high again. So either we need fewer people, or more dwellings.
  • dazc 1y ago
    It wasn't a surge in demand either..
    • LargeWu 1y ago
      It was a surge of demand, driven by the availability of cheap money.
      • cloverich 1y ago
        Yes but thats misleading because the demand surge was people who want to live in the homes AND investors.
  • frabcus 1y ago
    Supply of finance is critical factor in this not mentioned enough in this thread.