A pedestrian walks along a bridge past residential buildings in Shanghai, China, on Friday, September 29, 2017. China's earliest economic indicators hinted that growth continued to moderate in September as official drives to curb debt risk and clear the skies weighed on activity. Photo: Bloomberg
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

A paean for property speculators and why the market needs them to function properly

People don’t like venomous snakes. People also don’t like speculators. Yet without snakes we would be subject to more plagues of rats. Without speculators we would be subject to more shortages of housing.

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A pedestrian walks along a bridge past residential buildings in Shanghai, China, on Friday, September 29, 2017. China's earliest economic indicators hinted that growth continued to moderate in September as official drives to curb debt risk and clear the skies weighed on activity. Photo: Bloomberg
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