Re:Stream of Foreign Wealth Flows to Elite New York Real Estate
by mgalka on Saturday February 07, 2015 @05:35PM
(#9015561)
I have always considered myself a libertarian, but recent issues like these have me really questioning how "smart" the free market really is.
I think it goes beyond land ownership too. In theory, I should not be judging other people's values and what they choose to spend their own money on. But when the free market tells us to dedicate our resources to building things like $500,000-per-month apartments, I am not sure I am willing to blindly agree.
I think it goes beyond land ownership too. In theory, I should not be judging other people's values and what they choose to spend their own money on. But when the free market tells us to dedicate our resources to building things like $500,000-per-month apartments, I am not sure I am willing to blindly agree.
https://revaluate.com/blog/highest-rents-in-nyc/