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2 yr. ago

  • That’s short sighted. Developers collude with each other and investors. There is serious conflict of interest since everyone on the supply side has lots to gain in ever rising house prices.

    Ironically getting rid or severely limiting these developers to reduce supply is what’s needed to reduce prices. Not short term, but the long hard way until you take away the “investment “ side of real estate. Lower supply until it’s not profitable for these developers and investors.

  • Another take is that it’s the developers who is to blame for the high prices. What would happen if they stopped buying land? Short term? Disaster, no new houses, prices sky rocket. Long term? With no new supply investors and foreign buyers will just leave the market since it’s not making money. As they leave, more supply will be available for the normal people.

  • Trying to make people understand all perspective to avoid echo chambers. Reading this thread you’d think everyone will March hand in hand to wfm when reality is that everyone will cave at some point which is exactly what the post is asking( the answer is mostly for money though)

  • Agree, people here in their high horse acting like wfm is their standing ground to the company. All big companies have to do is dangle a carrot like up the compensation for the year they want everyone back and amortize the comp for the next few years and boom everyone is back.