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Ideally they would invest in the production of something new rather than trying to corner a limited market to engage in literal rent-seeking. I'm not anti-real
by Junk_Collector 7y ago
Ideally they would invest in the production of something new rather than trying to corner a limited market to engage in literal rent-seeking. I'm not anti-real estate investment by any means and own a few properties of my own but I think it has all gotten a bit silly and needs a cold shower.
- whatshisface 7y agoIf they buy houses and prices go up, doesn't that incentivize building?
- owyn 7y agoNot necessarily. It seems to incentivize more buying. If real estate prices keep going up and actually building anything new is too much work why bother?
- whatshisface 7y ago>actually building anything new is too much work why bother If prices rise above the cost of building a house, you could make money by paying someone else to build a house, no work required.