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> The scary thing is that it's easy to see how something how like this could drive a market boom and bust cycle. iBuyers don't buy from each other or hold the
by cheriot 5y ago
> The scary thing is that it's easy to see how something how like this could drive a market boom and bust cycle.
iBuyers don't buy from each other or hold the house for long. As soon as they sell then everyone sees what a market price looks like without them.
> automation creating adverse market incentives
You seem interested in how markets drive outcomes so I'd suggest looking into the effects of residential zoning and other barriers to construction. The US has spent the last 50 years coming up with creative excuses to prohibit new housing and it gets more expensive every year. Probably related!
Not the best example, but one I have handy: https://twitter.com/DurhamFella/status/1441808710066577410?s=20&t=DpZMte2LRU4lweRcPy1c3Q https://twitter.com/DurhamFella/status/1441808710066577410?s...