Quote:
Originally Posted by Yuri
I don’t care much about overbuilding. Housing should be treated as an utility not as investments. Underbuilding that’s a very serious problem.
This year São Paulo (city proper) will deliver 150,000 apartment units, most of them small and acquired by investors. It’s definitely too much but it will certainly keep rents in check. For the investors won’t be good, but that’s their problem.
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But its not keeping rents in check. So there's obviously a problem or disconnect.