25 ms·
> all these hypothetical unsold luxury properties for years and years I never said they were unsold. They sell. That's not the problem.
by maxsilver 10y ago
> all these hypothetical unsold luxury properties for years and years
I never said they were unsold. They sell. That's not the problem.
- jessaustin 10y agoThe problem, then, is that the wrong people are buying property? In that case I don't see why you introduced the issue of luxury at all. If supply is limited, all purchasers will be rich. That's basic. If rich people wanted to live in SF (and it seems they do), and the only housing on offer were in one of fourteen tar-paper shacks, those fourteen shacks would each sell for millions of dollars.