|
|
|
|
|
|
by Maxamillion96
604 days ago
|
|
|
> It's not all that different than VC money in startups - investors are sheep. Once it becomes clear a big fish has made an investment in an area, money floods in and drives up prices. To justify the increase in land values, investors have to raise rents. To raise rents, they need to improve the housing stock. This creates the inventory that the wealthy purchase. Priming the pump is the economic term for this, old Timey pumps needed to have a bit of water poured into a mechanism to lubricate and and make it possible to pump water out. |
|
|