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by conqrr 965 days ago
I don't think supply and demand would autofix the issue. When a baseline is set, everyone believes it to be the new price. Same as how when a lie is repeated multiple times, it can dangerously become the false truth.
1 comments
nightski 965 days ago
Everyone might believe it is the new price, but that doesn't mean they are willing to pay it.
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lukas099 965 days ago
After years of prices being 'high' yet continuing to rise, they night just accept it.
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nightski 964 days ago
If they do accept it, that means the market is right and the house is really worth that much to someone :)
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