2 ms·

Classic ‘the market can be irrational longer than you can be solvent’ situation if I ever saw one.

• npc_anon 1y ago
  In a situation of supply scarcity all the market needs to do to function is to sell this limited supply. And this does not require the median citizen to be able to afford this supply. Thus the market isn't even irrational.
  • Eddy_Viscosity2 1y ago
    All those tax cuts to the super rich have to go somewhere. Buying up property is one of them.
    • Ekaros 1y ago
      More so you need to generate the money that goes into stocks and other assets from somewhere. This seem to be done either by government debt or by debt against increasing home values...