2 ms·

I still don't understand why you think RE investment is morally wrong. Would also love to know how you came up with, "real estate investment...is THE major dri

by gatsby 12y ago

I still don't understand why you think RE investment is morally wrong. Would also love to know how you came up with, "real estate investment...is THE major driving force for urban cost-of-living increases on both American coasts."

lvs 12y ago
Just read my top comment or talk to any economist. You're gambling with fundamental human assets (as are food speculators), except that in urban real estate, there is very limited elasticity in supply. So your self-interested activity takes profit off of and drives up the cost of living for no gain to anyone but you. The fundamental value of the asset is unchanged for your involvement, but the price is higher.