Reminds me of the over-inflated house prices of Istanbul. (300% increase over th... | Hacker News

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nurettin on Aug 3, 2017 | parent | context | favorite | on: Squaring Venture Capital Valuations with Reality

Reminds me of the over-inflated house prices of Istanbul. (300% increase over the course of 5 years)

Perhaps prices aren't as dependent on "complex stock mechanics" as it is dependent on supply/demand. Demand being made up of increasing levels of wealth (or credit) and supply being made up of pure greed.

vintageseltzer on Aug 3, 2017 [–]

Isn't the massive devaluation of the lira over that time period the main factor?

nurettin on Aug 3, 2017 | [–]

Average devaluation is 10%/year in other sectors. Doesn't look like a main factor.

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