4 ms·
Yes, but this speculation is grounded on the possibility of extracting future rents. Which is an assumption about future relative scarcity. We’ve all decided t
by mlsu 2y ago
Yes, but this speculation is grounded on the possibility of extracting future rents. Which is an assumption about future relative scarcity.
We’ve all decided that it’s totally fine to artificially limit the supply of real estate. Speculation is the market (correctly, in most cases) betting that that will continue.
- deleted 2y ago[deleted]
- SequoiaHope 2y agoI kept rewriting my reply until I started just looking up research. I should go do something else with my day hah but it seems the affect of speculation on price is unsurprisingly complex. https://www.sciencedirect.com/science/article/abs/pii/S2405851320300258 https://www.sciencedirect.com/science/article/abs/pii/S24058...