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I would settle for prices simply flattening, which at least would cut off the cycle of homeowners expecting property to continue appreciating.

We also need to start building different kinds of homes. More "starter homes", fewer McMansions in the suburbs and luxury condo apartments in the cities.



> More "starter homes", fewer McMansions

Sadly, investors that own the undeveloped property, construction companies — they want the big margins and so build expensive homes. (Which the rest of us buy because that's what's available — a bit like a car dealership lot these days where their entire inventory are the expensive, top-of-the-line models.)


The fixed costs basically make it impossible to build anything but high margin. It’s disgustingly.




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