3 ms·
I think that's a bit idealized. When the price-rent ratio is high, like now and in every other housing bubble, home values detach from labor as they're driven m
by rcpt 7y ago
I think that's a bit idealized. When the price-rent ratio is high, like now and in every other housing bubble, home values detach from labor as they're driven mostly by speculation.
- ashtonkem 7y agoAny rational discussion about price relationships should include a “bubbles excluded” caveat.