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Simple supply and demand is a one-time game model. Property is a repeated, long term subgame component of the much larger repeated long term game that is the fi
by jonahbenton 6y ago
Simple supply and demand is a one-time game model. Property is a repeated, long term subgame component of the much larger repeated long term game that is the financial system. Dynamics are completely different.
One example, it makes more sense to give someone 3-6 months free at price $X than to get them in at .5 or .75 $X.
- hkmurakami 6y agoTo add to this, player dynamics are quite different between big corporate landlords and small landlords.