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A comment on Home ownership is the West’s biggest economic-policy mistake. Parent comment

Re:Home ownership is the West’s biggest economic-policy mistake by WalterBright on Wednesday April 21, 2021 @04:15PM (#26894856)
You're missing that they short things they believe are overvalued, like in bubbles.

> This is not some sort of idealised marketplace where people can dip in and out without any effect.

You're right. Speculators work to decrease the peak of a bubble and increase the value of a dip.

The misapprehension is thinking the effect is only one way.

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Re:Home ownership is the West’s biggest economic-policy mistake by Nursie on Monday April 26, 2021 @10:24AM (#26942811)
> You're missing that they short things they believe are overvalued

In the housing market? LOL.

> Speculators work to decrease the peak of a bubble and increase the value of a dip.

Except that's nonsense, they increase the demand on an already massively in-demand resource, accelerating price rises.

Your ideas fly in the face of observable reality.

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