> The investors entering the market today will make prices go up today, but have the effect of reducing prices in the future The flaw in this argument is that

> The investors entering the market today will make prices go up today, but have the effect of reducing prices in the future The flaw in this argument is that it assumes markets are perfectly efficient, when in reality they are affected by several factors. > there are strong barriers to the creation of new housing Right, this is one of those factors. Others include land limitations, interest rates, government incentives and backstops. Plus even if you're right that decades from now housing will be more affordable that's of little use today.