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In efficient markets, buyers are theoretically not irrational either. In theory, the cash buyers of today have factored in their expectations of rising interes
by muzz 13y ago
In efficient markets, buyers are theoretically not irrational either.
In theory, the cash buyers of today have factored in their expectations of rising interest rates and the effect on home values going forward.
- tomkarlo 13y agoDoes anyone really still believe that real estate represents an efficient market? Regardless, if someone did believe that, and factored in expectations of rising rates, they simply wouldn't be a buyer in this market.