Earlier quoted context omitted.
> But I doubt the impacts of rent control would appear in the market this quickly, it'd take years for the market signals to be measurable. Hard disagree. Rational investors have no problem whatsoever projecting the impact to future cash flows and adjusting the amount they're willing to pay now. That's like saying the stock market wouldn't respond quickly to changes in next year's tax law.
In a highly liquid commodity market full of professional traders, I'd agree. But the housing market isn't that liquid over 9 months and there are a lot of small timers. It seems more likely there'd be some sort of initial wobble as sophisticated participants reposition, then a period of calm, then the actual impacts set in over a few years. It might not happen that way - someone does need to check - but at 9 months I…
Lot of different ways to say you don't know anything at all. This isn't a new market. This isn't the first time laws have changed in this way. This isn't the first time they've had this effect. We already know all of this. You're just waffling and enjoying the sound of your own voice.