Quote:
Originally Posted by Bavarian
Building more houses keeps the prices of existing houses low.
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Continued building may keep the resale prices from skyrocketing, but I hardly think current home values are kept "low" by new home sales. The value of my home has appreciated very nicely in the 5 years I've lived here and there has been continuous building going the whole time I've lived here. It has appreciated much more than a house "back home" or most other areas of the country would have during same time period.