3 ms·
if a person with access to much more credit than you, and has more cash than you, is competing with you to get a house when there are not many houses, how can y
by mistrial9 4y ago
if a person with access to much more credit than you, and has more cash than you, is competing with you to get a house when there are not many houses, how can you be the cause of the increase in price?
secondly, if the entire house market is so over-priced that only people that have a house to sell, and new cash, and substantial access to credit are the ones getting any house at all, how is the cause of the price rise the buyer?
thirdly, if the total capital in the system has been multiplied by QE and network effects on assets, such that you the middle-class buyer are not able to afford even a bid, how is that the result of the middle-class house buyer?