> How can a large scale market exist with so few customers who can reasonably afford the product?
Cheap debt. Nobody has the net worth to afford all these places. So the value of the properties are relative to how much people can borrow. For the last few years, that has meant a borroing a lot since interest rates around 1.5%.
Cheap debt. Nobody has the net worth to afford all these places. So the value of the properties are relative to how much people can borrow. For the last few years, that has meant a borroing a lot since interest rates around 1.5%.