alt Hacker NewsExcept the housing market, especially the rental market, is still significantly driven by small rental property owners and is a significant source of generational wealth transfer.
Starting with the assumption that all or even most investors / actors are rational is a continuing pox on both economic scholarship and societal thinking
Replies
datadrivenangel • today at 4:32 AM
actors are in aggregate rational and self interested, but emotions are important.
It doesn’t require all or most investors to act rational. A small percentage of rational actors still moves prices.