Again, the market has priced houses at the level they are now. You claim they are overvalued. You have not explained how that is determined. We’re not talking about one house like your one cup of water, we’re talking about most houses.
So, again, if the market sets the value, who determines those houses are overvalued?
I didn’t claim they are overvalued, I said that may be a case of overvaluation. Do you disagree that things can be overvalued? What do you think market corrections are in that case? It’s incredibly difficult to determine if a section of the market is overvalued before a market correction, and if I had that ability, I’d probably be rich.
Again, I never claimed they were overvalued. I do not know if they are overvalued. There are plenty of reasons the market can sustain things being overvalued though, like false scarcity or price fixing. If your definition of value means markets suffering from these practices are actually increasing value, then our definitions of value differ. So if that’s the case, I don’t think this argument is going to go anywhere.
Right, so, again, you believe that the value of homes is beyond the means of most people’s ability to buy them because that is what the market has decided.
Right, so, again, you believe that the value of homes is beyond the means of most people’s ability to buy them because that is what the market has decided.
Weird how you refuse to respond to this despite me suggesting it over and over. I think we both know why.
And this whole “I didn’t say it was overvalued, I said it might be overvalued” stuff is weasely as fuck.
Again, the market has priced houses at the level they are now. You claim they are overvalued. You have not explained how that is determined. We’re not talking about one house like your one cup of water, we’re talking about most houses.
So, again, if the market sets the value, who determines those houses are overvalued?
I didn’t claim they are overvalued, I said that may be a case of overvaluation. Do you disagree that things can be overvalued? What do you think market corrections are in that case? It’s incredibly difficult to determine if a section of the market is overvalued before a market correction, and if I had that ability, I’d probably be rich.
Either the market has decided that houses are unaffordable for most people or they are overvalued. Which is it?
I believe that is a false dichotomy.
No, I’m basing it on what you said.
You said the market decides on value.
The market has decided the value of houses is beyond most people’s ability to buy them.
Therefore the value of houses is beyond most people’s ability to buy them based on your own reasoning.
And then you claimed they were overvalued despite the market deciding on value.
It can’t be both.
Again, I never claimed they were overvalued. I do not know if they are overvalued. There are plenty of reasons the market can sustain things being overvalued though, like false scarcity or price fixing. If your definition of value means markets suffering from these practices are actually increasing value, then our definitions of value differ. So if that’s the case, I don’t think this argument is going to go anywhere.
Right, so, again, you believe that the value of homes is beyond the means of most people’s ability to buy them because that is what the market has decided.
Also:
Do you see how I said “That may be a case of something being overvalued. That can especially happen when there is artificially limited supply.”
At no point did I say, “That is a case of something being overvalued.”
Weird how you refuse to respond to this despite me suggesting it over and over. I think we both know why.
And this whole “I didn’t say it was overvalued, I said it might be overvalued” stuff is weasely as fuck.