This is an extremely weak study. It only allowed for one year for prices to correct, and it only affected certain areas of a single city.
It takes far longer than that for the market to correct itself naturally. The only thing that would instantly lower prices is if you required all investors to immediately divest their holdings in that area, and that’s extremely unlikely to happen.
Yes, “naturally” is probably a bad term to use there. What I mean is that the effects of a policy like that shouldn’t be expected to come into effect immediately - supply/demand is more of a loose trend over time, not an instant correction.
This is an extremely weak study. It only allowed for one year for prices to correct, and it only affected certain areas of a single city.
It takes far longer than that for the market to correct itself naturally. The only thing that would instantly lower prices is if you required all investors to immediately divest their holdings in that area, and that’s extremely unlikely to happen.
@pennomi @mondoman712 “the market to correct itself naturally” lol
Yes, “naturally” is probably a bad term to use there. What I mean is that the effects of a policy like that shouldn’t be expected to come into effect immediately - supply/demand is more of a loose trend over time, not an instant correction.