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People seem to forget that property isn't like other investment classes. Other investment classes provide value from services or production. Speculative re
by nosuchthing 9y ago
People seem to forget that property isn't like other
investment classes.
Other investment classes provide value from services or production.
Speculative real estate relies on artificial scarcity (local laws preventing building upward) is extracting value from suppressing more construction for more people.
- lhopki01 9y ago>Other investment classes provide value from services or production. Like gold or bitcoin? >Speculative real estate relies on artificial scarcity (local laws preventing building upward) is extracting value from suppressing more construction for more people. There are many cities where they build upwards massively but the property prices increase massively. See Beijing or Shanghai. Actually compare China now to Japan in the 80s and you see lots of similarities. When I say property isn't like other investment classes I mean it shouldn't be. People need places to live and if left to the market the lower end of the market will just be left out on the street or in horrific housing conditions. The only solution will be government building of housing. IE compare Singapore with Hong Kong.