This is great news, and something that should have been done a long time ago. Also, fuck Fletcher building.

  • @IlovethebombOP
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    32 months ago

    Cost of building doesn’t affect land values, so if your portfolio is mostly single level family homes, you don’t have too much to worry about.

    • @Venator
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      22 months ago

      It kinda does to a certain extent, depending on how densely things can be built. When there’s a townhouse available with double the floor area as a single family home for the same price, that’s going to decrease demand for the single family house. But yeah it doesn’t decrease demand a huge amount as most people still want to have a back yard if they can and banks will lend more for a standalone place because reasons.