Posted by: newStudent February 17, 2011
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Sidster,
Your logic is true, but if that process was the only responsible thing, then we wouldn't have seen 10-12 times increase in a year. Every one I have talked to knows that the reason why land price increased like that two years ago was speculation. The kind of increase we saw before two years was due to the natural process that you mentioned.
If I were an investor, I would wait for either bank interest rate to go down or rent to go up. There is no way I would put money to speculate that the land price will increase three times in three year.
Your logic is true, but if that process was the only responsible thing, then we wouldn't have seen 10-12 times increase in a year. Every one I have talked to knows that the reason why land price increased like that two years ago was speculation. The kind of increase we saw before two years was due to the natural process that you mentioned.
If I were an investor, I would wait for either bank interest rate to go down or rent to go up. There is no way I would put money to speculate that the land price will increase three times in three year.