houses are not businesses
they don't produce anything, there is no marketing, nothing
the only way people make money out of them is via speculation
you can't use discounted cashflow to work out what a property is worth because they only make about 3% from rent
if you did you'd end up with very low valuations
the more money they can get from banks the higher the prices goes is what it is all about
anyway everybody now realises that they have been caught holding the parcel now
some have massive debts and it is going to get ugly from here
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