Supply and Demand
Nice article but you have to wonder, how much demand is driven by investors, just like what happened here?
From 2001 to 2006, everyone in the US was buying homes to rent or have vacation homes because the market kept going up. This wasn't real demand. It was driven by investors.
I feel the same thing is happening over there. Yes, there may be limited supply of housing, but it may be because people are buying 2-3 at a time and flipping them just like they did here or holding on to them for a year or two so they can resell them at a higher price. Eventually it will catch up with them unless they can slow things down dramatically.
I think as investors, we really need the company to uplist to the NASDAQ as soon as possible to get this moving on the right track and get the PPS to be fairly valued.