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AspiringRationalist comments on Open Thread, June 2-15, 2013 - Less Wrong Discussion

5 Post author: TimS 02 June 2013 02:22AM

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Comment author: AspiringRationalist 03 June 2013 12:12:39AM 4 points [-]

The real estate market is far from efficient. Transaction costs are very high and good data is hard to come by. I think a bottom-up approach would be far more accurate than an economics-based approach that uses assumptions that are extremely inaccurate for this situation.