property buyers see property as an investment, page-6

  1. 582 Posts.
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    but that is how economists look at problems isn't it.

    All other factors are excluded. They only compare the two pieces of information at once. So in this case they might compare price of property to type of house for each suburb and cant work out why they are different because to them nothing else exists. Economists also lack the emotional or social aspects when comparing housing for example, and that is why they fail to see the bigger picture.

 
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