According to Fred Wilson, a pure market requires:

• Massive liquidity

• True price transparency

• Open exchanges where anyone can trade

When you have these in place, people feel comfortable trading, a lot.

By this definition, real estate isn’t a true market.

According to Fred Wilson, a pure market requires:

• Massive liquidity

• True price transparency

• Open exchanges where anyone can trade

When you have these in place, people feel comfortable trading, a lot.

By this definition, real estate isn’t a true market.