How sure are you that you know more than the market on this one? What information do you have that (still) rich property speculators don’t have?
Housing markets aren’t even theoretically efficient. Too big, diffuse, illiquid, etc.
ok, but are you arguing that Matt’s skepticism is unwarranted? are you heavily invested in realestate?
Don’t forget bad zoning regulations: http://www.heartland.org/publications/environment%20climate/article/10635/Landuse_Regulation_Makes_Housing_less_Affordable_Harvard_Study_Finds.html
How sure are you that you know more than the market on this one? What information do you have that (still) rich property speculators don’t have?
Housing markets aren’t even theoretically efficient. Too big, diffuse, illiquid, etc.
ok, but are you arguing that Matt’s skepticism is unwarranted? are you heavily invested in realestate?
Don’t forget bad zoning regulations: http://www.heartland.org/publications/environment%20climate/article/10635/Landuse_Regulation_Makes_Housing_less_Affordable_Harvard_Study_Finds.html