3 ms·
You assume that the ratio of buildings to locals is the sole input for real estate prices. If an external rentier enters the market and realizes yield, other r
by moorhosj 8y ago
You assume that the ratio of buildings to locals is the sole input for real estate prices.
If an external rentier enters the market and realizes yield, other rentiers will follow. This increases demand for housing assets, not necessarily housing utility. this is the problem they are trying to solve.