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Trumpi | 2 years ago

> The real estate market is driven by speculation no?

No, it's driven by supply and demand.

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bradjohnson|2 years ago

It's really not.

Podgajski|2 years ago

Well, it is a demand, but not a supply and demand balance of housing supply, but a supply and demand balance of speculation. In other words, there’s a high demand for speculation (profit) in the housing market.