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Except low demand doesn’t usually make house prices go down either, it just means they won’t get sold or they only get bought by investors - that then also would rather keep them empty than to reduce the price and take a loss, as an empty 1 million house is still worth that 1 million on paper.
Except low demand doesn’t usually make house prices go down either, it just means they won’t get sold or they only get bought by investors - that then also would rather keep them empty than to reduce the price and take a loss, as an empty 1 million house is still worth that 1 million on paper.