... state is disequilibrium, an underlying model of market processes that seek to restore those markets to balance provides invaluable insights into the way property markets respond to shocks. This is not to deny the path dependency of market outcomes. Research limitations/implications In the context...

... equivalence Bubble Disequilibrium Capital markets 1. What constitutes “undue stimulus”? (item 4). 2. What is “typical motivation”? (item 5). 3. What long‐term financing is really equivalent to “cash”? (item 8). 4. Is the price paid only “consideration for the property sold...