Re:San Francisco, Silicon Valley rents plunge amid downturn
by jedberg on Monday June 01, 2020 @03:48PM
(#23382904)
There are two parties to the transaction. The market clearing rate is set when the two parties agree. When one party is not showing up, there is no market clearing rate.
The intrinsic value may in fact be down, but there is no way to know for sure without two parties in the transaction.
Re:San Francisco, Silicon Valley rents plunge amid downturn
by pascalxus on Monday June 01, 2020 @08:26PM
(#23385757)
Over time, he's right in principle. But maybe, there just hasn't been enough time yet for it to play out. if we're seeing price declines, then it's already playing out.
The intrinsic value may in fact be down, but there is no way to know for sure without two parties in the transaction.