The other option being the city just can no longer sustain itself and collapses, losing both business and residents. >Initial findings showed that 73 percent of mechanical, electrical and plumbing components observed failed to conform with the developers’ drawings, and that almost a quarter presented actual life safety issues, Mr. Voila, housing crash, and a lot of people out of a lot of money. Or alternatively, as urban prices go up, so too do suburban and greater metro (now currently in full-swing), leaving fewer options for those living in a city metro area to take on more debt than they can handle.

Eventually, prices will get to the point where financing options for these investors will balk, leaving vastly overpriced condos unsold.

It's not if, but when.Īs a lot of the market is being driven by 'investment' (apparently about 25% of it, in fact- ), that bubble will pop sooner or later. Right now though, it's an 'investment' free-for-all, and every speculator market finds its limits. But there there was a lot of natural growth driving it to begin with. The main mission of sora blogging tips is to provide the best quality blogger templates. The market pricing isn't being driven by long-term investment, it's being driven by airbnb micro-hoteliers, pre-con flippers and wannabe land barons looking to make a lot of money quickly.Īnd yeah, we've been hearing this for ages and it just keeps going up. NYTimes: The Down Side to Life in a Supertall Tower: Leaks, Creaks, Breaks Discussion in News Flash News Flash started by IWDWSWLM, at 8:45 AM. About Current Trend News Sora Blogging Tips is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design. The other option being the city just can no longer sustain itself and collapses, losing both business and residents. for the expanding middle class (in wealth at least, I dont know about the absolute numbers). Click to expand.As a lot of the market is being driven by 'investment' (apparently about 25% of it, in fact- ), that bubble will pop sooner or later. Here developers are busy erecting housing societies, apartments etc.

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