[makeitdouble]

> 0.1% of all properties

How do you convert an amount of money into a number of registered properties ?

[WorkerBee28474]

You divide it by the valuation of all real estate and get a percentage of all properties by value (not count).

I think the GP used ~6.1 trillion as that value, or maybe some number related to rental stock valuation. The <0.1% looks approximately correct.

[makeitdouble]

So, basically he didn't land on a count.

I'm not sure why we should care about the share of money they command, as it could have nothing to do with whether they're dominant or not, depending on how skewed the market it.

PS: to note, I was commenting on the process, but on the deeper point, Dream Unlimited is only one of the company caught in this, so we could have any number of other developpers roped in at a later date. I think we really don't have any idea how widespread the issue is.

[refurb]

You dont need to, it cancels out on both sides of the equation.

Pick any number for average cost of a property, and its still only 0.1% of all properties.

[makeitdouble]

If you had a distribution of prices, or even at least a median price I'd see it. But averaging it all tells us almost nothing.