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A comment on Foreign purchases of American homes plunge as Chinese buyers flee the market. Parent comment

Re:Foreign purchases of American homes plunge as Chinese buy... by apexalpha on Thursday July 18, 2019 @03:53AM (#20467713)
The true cost of something depends on the market, and the market is created and shaped by law. If the law changes to disallow foreign direct investment in residential housing and the prices drop then this IS the new true price.

Not the other way around.

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Re:Foreign purchases of American homes plunge as Chinese buy... by Retric on Thursday July 18, 2019 @04:51AM (#20467985)
True cost in economic terms is not the market price. It includes negative externalities that are not included in the market price. https://www.investopedia.com/terms/t/truecosteconomics.asp
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Re:Foreign purchases of American homes plunge as Chinese buy... by lotsofpulp on Thursday July 18, 2019 @04:15AM (#20467834)
I agree, but my intention was to point out downsides of current US home ownership mechanisms.
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