Thanks. Yeah, HN could benefit from more empathy for non-STEM and non-entrepreneurial folks. Lots of idle discussion about "trickle-down" economics that miss th

Thanks. Yeah, HN could benefit from more empathy for non-STEM and non-entrepreneurial folks. Lots of idle discussion about "trickle-down" economics that miss the actual market drivers we've seen in the last 15 years. Unless developers and trusts etc. are overleveraged, they've got no incentive to dump luxe properties at below market when they know they can sell at a profit whenever the boom times come back — and this'll always be the case because impulsive or desperate buyers generally won't wait out a market. And a lot of them learned how to leverage safely after the great recession. So long as they're willing and able to attrit buyers, they'll win. Hence why we need affordable housing mandates for the people who need and can't wait for homes — the discounts free-market proponents are projecting simply won't show up unless there's a systemic liquidity issue. And that might not happen for another 20 years now that the CRE matter is being solved with large enterprises bringing their employees back into offices.