3 ms·
Reminds me of the over-inflated house prices of Istanbul. (300% increase over the course of 5 years) Perhaps prices aren't as dependent on "complex stock mecha
by nurettin 9y ago
Reminds me of the over-inflated house prices of Istanbul. (300% increase over the course of 5 years)
Perhaps prices aren't as dependent on "complex stock mechanics" as it is dependent on supply/demand. Demand being made up of increasing levels of wealth (or credit) and supply being made up of pure greed.
- vintageseltzer 9y agoIsn't the massive devaluation of the lira over that time period the main factor?
- nurettin 9y agoAverage devaluation is 10%/year in other sectors. Doesn't look like a main factor.