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If it was just supply (low) vs demand, then people logically would have bought earlier before prices went up. This seems like panic buying (FOMO) - people buyi
by HarHarVeryFunny 2y ago
If it was just supply (low) vs demand, then people logically would have bought earlier before prices went up.
This seems like panic buying (FOMO) - people buying because prices are rising and they don't want to risk them to get worse, or maybe they see it as a perverse sign of value (like people buying momentum stocks).
- dmoy 2y agoI guess it's possible Maybe I'm just jaded from being in Seattle too long where "200k over asking despite already high prices" has been a regular thing for like... 10+ years?