Comments by "Fox" (@tomlxyz) on "Housing Problem Solved" video.

@hoiyaeyunhoiyaeyun7401 nah it's zoning first. Like in the US you can't buy denser housing around a city than single family home which drives up the prices like crazy. In Hong Kong the area that's allowed to be build on is too small. Places where that isn't the case have much lower housing costs. The second problem is that investors who build new homes started to focus more on luxury homes and ignore middle class homes so the increase of supply falls below the increase of demand, meaning higher prices. Also all types of contractors prefer the big luxury projects over middle class home work.
60
@mickeygraeme2201 isn't blockbusting just a variant of gentrification? Make people sell you their home at lower prices and then sell it at higher prices once you got rid of all the poorer people in the area
17
@mickeygraeme2201 hmm but that still doesn't lower property prices in the end. I wrote what I wrote because i looked up the term and read the Wikipedia article and there it said it was for my mentioned purpose but dunno
3