News for hackers. Stuff that matters.

A comment on Ask HN: when will property prices go back up?. Parent comment

Re:Ask HN: when will property prices go back up? by phd_student on Monday March 23, 2009 @02:25AM (#528152)
the question is not one of morality; but one of economics, of why individuals acting in their own best interest have not done this yet?

in particular, if people are greedy enough to cause this mess, why are they not greedy enough to benefit from it?

[ Parent | on HN ]
Re:Ask HN: when will property prices go back up? by alnayyir on Monday March 23, 2009 @09:55AM (#528542)
Because greed isn't necessarily good or bad.

It's just another variable amongst others with temporally varying degrees of importance.

[ Parent | on HN ]