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Giuliano Giacaglia
@giu
"Now are seeing major price cuts homes getting delisted because they can't sell. Almost every real estate broker is having conversations with home sellers about when you're gonna mark this property down so we can get it to move." - Redfin CEO on the state of the real estate market
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@m-j-r.eth
it's a solid point. rates don't reduce the premium b/c it's not a purely financial instrument (yet it is capitalized as if it's SoV). I think the land value tax might help mitigate this illiquidity (more emotional distribution).
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