this post was submitted on 16 Sep 2023
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But also less houses being bought for rents mean more houses available for people to buy. Removing those people from the rentals pool ?
Assuming those people are in a position to buy, which a lot of people aren't.
Because the property market is overcooked because it's oversaturated with speculators trying to rake in those sweet sweet tax free gains rather than doing something productive with their capital
But a lot are. More houses means competition hopefully and pushing house prices down. Not up