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#Norwegian property market is next, because the commodification of the property market around the world has lead to one thing: artificial scarcity, which leads to high property prices, which leads to homelessness and exploitation of the renters economy.

This is what happened in the #US, the #UK, in #Canada, in #Germany, and now it will happen in #Norway as well.

The solution: build more housing - be it private or public. Anything else will be neglect or exploitation. Take your pick.
I have to disagree - having lived thru the UK property price explosion. Supply side economics fail when buy to let speculation is allowed.

The answer is not more housing. The answer is to stop speculation in our base human necessities.
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wasn't there a lot of blocks standing unoccupied because of the exorbitant prices of these flats? I think #China has also gone through something similar.

I also know that in #NewYork the commercial real estate law states that you can value a commercial property based on the asking price for rent, where New York realtors will set an unrealistic price, wait a decade and a half and then sell at a falsely set value.

There is a fair deal of market trickery going on some places in the world
There is a level of non-occupation in the UK (and in #Jersey) where I live. But building more is a favourite for politicians (in our case, explicitly because they are buy to let landlords).

Doesn't seem to change the occupancy rate though: but prices go up. So we do now have a massive over-supply of 1 and 2 bed flats. Prices haven't moved materially because speculators can just weather it for now. We need property prices down by min 60% to get them back in line with the real economy