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by cloverich
308 days ago
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People believe what they can see. New development happens in desireable areas and price goes up all around them. Meanwhile (mom and pop) investors buy and own significant chunks of the market. Together they tell a story. Disincentivize investor ownership, and it will be harder to tell the story of investors buying up all the property, and the rest may fall into place at best, and at worst you get marginally lower prices and less validation of the investor price inflation stories. |
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