APPRECIATION HAPPENS WHEN THERE ARE

- More jobs, More companies, More production , More commerce in that area

- More inflow of funds , investments into businesses and hence more jobs

- Overall increase of economy which leads to generating more jobs.

INCREASE IN THE NUMBER OF TOWERS IN AN AREA DOES NOT INCREASE PRICE AUTOMATICALLY. WHOEVER DUMPING THEIR MONEY THINKING THERE WILL BE CONSTANT INCREASE OF PRICES - DOING SO AT THEIR PERIL. THERE IS A BREAKING POINT BEYOND WHICH PEOPLE WILL NOT INVEST / BUY PROPERTIES EVEN IF THEY HAVE MONEY.

THAT POINT WAS REACHED IN 2008.
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  • I think that point reached in beginning of 2012,after that price increase is very slow
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  • Originally Posted by Krazy Yuppie
    I think that point reached in beginning of 2012,after that price increase is very slow


    I think the meltdown of 2008 is a sign and symptomatic of bigger meltdown which is long due.

    It is not just about real estate. It is meltdown of entire economy.
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  • sitting on cash for next 3 years seems better strategy
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  • I agree that building more towers in an area does not implicitly increase the property values, and people are mistaken to sometimes assume that. However, beyond rising wages, there are local conditions to bear in mind vis-a-vis real estate prices, for instace:
    - Is the neighbourhood desirable to live in?
    - Are there better neighbourhoods nearby?
    - Are there worse neighbourhood nearby?
    etc. etc...
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