Of course it's an absurd analogy, there would not be much value if there is no underlying property you can make use of. But I think it illustrates the point well: if the high prices were caused by absent foreign…
+1. If the problem is that absent foreign investors are buying up all the housing stock, maybe we should make a 100 story tower on some parking lot in SOMA and sell each floor as a $5M luxurious penthouse unit with the…
Of course it's an absurd analogy, there would not be much value if there is no underlying property you can make use of. But I think it illustrates the point well: if the high prices were caused by absent foreign…
+1. If the problem is that absent foreign investors are buying up all the housing stock, maybe we should make a 100 story tower on some parking lot in SOMA and sell each floor as a $5M luxurious penthouse unit with the…