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California seems to have a (huge) added problem of speculative real-estate investment. The median price on a home will skyrocket if there's a significant amoun
by michaelchisari 9y ago
California seems to have a (huge) added problem of speculative real-estate investment. The median price on a home will skyrocket if there's a significant amount of people who buy up properties for investment and not for use.
- mistursinistur 9y agoWhat's the evidence that speculation is driving price increases in California?
- eherot 9y agoPeople buy properties as "investments" when they see prices rising constantly, not the other way around.
- michaelchisari 9y agoSure, but it exacerbates the problem of rising rents.