Some “analysts” are making it look like rising property prices which they attribute to an influx of Chinese and other foreign workers are a bad thing. On the contrary this is an opportunity that could result in the creation of more jobs.
Rising prices are a sign of pressure on supply due to increasing demand. A rise in the value of real estate will likely stimulate more investment in property development which, in turn, will create demand for construction work. The upstream impact of this will be more demand for the input into this activity — construction supplies and, yes, construction workers. This is not counting demand for other related goods and services this will create.
The economy and business opportunity is not a zero-sum game. Profit and income harvested by one party does not necessarily deprive another of the same. On the contrary, one party realising profit in one business or employment activity likely results in a net positive opportunity for others.
Webmaster of Get Real Philippines