M4A works by cramming down on providers. So doctors just move to another state under state level single payor.

That said, if the entire country went on M4A, providers would face a ~20 percent pay cut but would have nowhere to go since US docs would still be the highest paid in the world.

She already said she would only serve one term. That's already disqualifying and forces Ds to potentially have to defend an open seat in 2032 years.

But in order for it to be speculation, land prices have to be detached from rents!

The simple and straightforward answer is that it is not speculation. Land prices are rising because the rent that the land can generate is rising. It's not that deep.

But this is an inherent contradiction, since for some on the left, land "speculation " is driving rents higher

In other words, land prices detach fully or partially from the returns(rents) that land generates. Land prices are higher than what rents would justify.

We could define "speculative" demand as any price above which land provides a return which is BELOW a return (adjusting for risk) that equals returns in other asset classes.

Suppose land prices are anchored by the same zero arbitrage equilibrium condition that anchors all asset prices.

Here, land must be priced such that it does not provide a higher risk adjusted return than other asset classes