Re:Americans still think they can make money flipping houses
by mistrial9 on Saturday July 09, 2022 @11:32AM
(#32035977)
yes agree -- the insight is into the additional restrictions on access. Market values react to scarcity in most cases. The legal titles, the ability to obtain and dispense of loans, the ability to exchange titles and resolve blocks in titles, contribute to the valuation. In the case of a child's drawing, very few impediments exist to exchange or declare title to that one drawing, and there is little scarcity since most children draw a lot of pictures.
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