Wednesday, October 28, 2009

If: "The time tested gold standard of real estate price is take the monthly rent and multiply by 100, and that is what you should pay. So if you can rent it for 1,000.00 a month, it is worth no more than $100,000.00."

Then: Should rooms in the Bay Area still be renting for more than $400 a month? (Even if this is what one side of the market dictates, while the other side is willing to pay?) How do the demands of justice alter pricing? (More on this in subsequent posts.)

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