As soon as you set “cost” for properties, popular / market opinion will make some properties more valuable than your fixed number, and some properties less. If the cost of acquisition of these properties doesn’t approximate the market value, you’ll have the overpriced properties abandoned and the underpriced properties fully occupied.
As soon as you set “cost” for properties, popular / market opinion will make some properties more valuable than your fixed number, and some properties less. If the cost of acquisition of these properties doesn’t approximate the market value, you’ll have the overpriced properties abandoned and the underpriced properties fully occupied.
What happened to price being set by individual willing to buy? How did we get back to anonymous markets again?
You can talk “market rate” or you can talk “biggest sucker”. But the wholesale rate is very different from individual sales made under false pretexts.
You’ll have the “overpriced” properties fill up after the “underpriced” properties, with some uncleared inventory unless demand exceeds supply.
But surplus housing is preferable to homelessness.