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The market (especially in real estate) is not totally frictionless and arbitrage-free. Plus people can have genuinely different valuations for consumable assets
by brainwad 6y ago
The market (especially in real estate) is not totally frictionless and arbitrage-free. Plus people can have genuinely different valuations for consumable assets (like housing) - that's the entire point of a market, to facilitate trade where both sides make a gain on the transaction.
I don't think anyone would buy these houses as an investment, but if you wanted a quiet house in the countryside and spoke Italian already, maybe it could work for you.
- prawn 6y agoMaybe rewrite that as "if you wanted a quiet house in the countryside and spoke Italian already, had experience managing a challenging renovation in a foreign country, and hundreds of thousands of dollars spare to put towards the required renovations, maybe it could work for you."