Chinese Investors Driving Up Metro Housing Prices

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Originally Posted by Jebby

You're entitled to your opinion, but history has shown that the free market is much more effective than central planning, that price controls inevitably fail, and that when supply is constrained prices go up. It's all pretty basic economics.

.....well, that depends on how one defines "more effective" Jebby. The market certainly MORE EFFECTIVELY precipitates growing income inequality and attendant debt to eventually crash the housing market (via bubbles) if not cooled by government intervention. Many buyers and sellers acting randomly (via multiple/dynamic diverging and converging interests) cannot produce sane/equitable/stable macro economic outcomes Jebby,...that's plumb crazy thinking man!