Honestly, this is the most important point. Rampant speculation, amount other things, is already destroying housing affordability ( Hi from Melbourne Australia,

Honestly, this is the most important point. Rampant speculation, amount other things, is already destroying housing affordability ( Hi from Melbourne Australia, where I'll probably need $150k for a deposit on nothing special at all, in an inconvenient location ). It's massively increasing wealth inequality, at a rate that seems to be increasing. If this kind of algorithmic speculation took off, not only are we likely to see the algorithms themselves form feedback loops to push prices up far higher than otherwise, even if they don't sell directly to each other, I believe it will drastically increase the size and rate of the boom bust cycle.. and we're doing that to _peoples homes_. The scope of human suffering possible here is huge, the societal damage massive. This needs to be so very very illegal.