When Shelter Becomes A Speculative Asset, Society Unravels
When Shelter Becomes A Speculative Asset, Society Unravels Authored by Charles Hugh Smith via OfTwoMinds blog, Does anyone really believe that the renunciation of massive, sustained stimulus of speculation in housing would leave housing valuations unchanged because valuations are solely the result of “shortages”? Let’s begin by stipulating that speculation (i.e. gambling) is part of […]
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