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Reply #15: Why do they build so many luxury properites when nobody can afford them? [View All]

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Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-12-11 04:11 PM
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15. Why do they build so many luxury properites when nobody can afford them?
At some point, don't business principles kick in?

Too much inventory is expensive to keep. Those malls still needed workers to clean and maintain them.

And speculators are buying SOME of the properties, helping to keep those prices too high for the average worker.

Like that analyst said, this is a bubble burst that will DWARF what happened in America.
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