Mass production reduced the price of many goods.

If necessary, the government will force estate agents to reduce land prices.

She is an estate agent.

The price of real estate has been rising abnormally in Japan.

Real estate, that's not your thing.

Your real estate agent, when is she supposed to come back?

It's completely possible.

You could put here what you paid for it.

So, Japan had a fiscal real estate crisis back in the late '80s.

is he rich? No, no, he's a realtor.

If you ever think about it, pricing that you negotiate yeah, we kind of have this price on paper, but that's just the starting point of the conversation.

Then auctions like eBay are another example of dynamic pricing.

Now unfortunately for you the housing market has deflated dramatically

Or, another way to think about it is the cost of production.

But anyway, the whole point of this video is, is when you have these asset bubbles, like in real estate, and you have this downplaying of risk, and this psychology that an asset class can only go up.

I found a small piece of recruitment ads.

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

And so, once again, if the price of related goods... well, it depends which related goods... but if the price of productive substitutes, so the price of other things I could produce... if the price of other things

Real estate.

It turns out we made this pretty easy.

Because a house in the neighborhood sold for 1 million and frankly, that's how, unfortunately, housing was assessed.

And by the way in the physical world the classic is real estate brokers.

Now to finish the job you began! It was a pleasure meeting you, but we don't want you here.

This real estate guy.

I could actually price on specific customer segments or on features I know they need.

So the first one I'd like to parce is the idea of market value.

A bit like inflation you over issue currency, you get what you see, declining prices.

And the project that we're building in Malaysia is apartment buildings for a property developer.

(Laughter)

My father is absent on business.

What is your strategy in your household?

Do pay?

Hey, it's a pleasure. Good to meet you.

They've gotten bigger they're spread out.

The Olympic Carrier. Commercial passenger vessel.

It went a whole life cycle, got too rusty to fly, and was taken out of service.

Especially in the recent years changed from the industrial age when we were more focused on a good product without defect, we've become more focused on our various needs

The word arbitrage sounds very fancy, but it's actually a very simple idea.

And then I learned to fly in bad weather as well as fine weather and got my instrument rating.

(Applause.)

This is Makerbot.

And so after that offering, well, our pre money valuation was 30 million and our post money is now 40 million.

And just out of thin air, just by one person getting cheap credit and overpaying for something, everyone in the neighborhood thinks that they just got 900,000 of wealth, or at least in this example.

But in this reality with competition, there's this huge incentive that, when you have extra capacity, especially if you have a lot of extra capacity, there's this huge incentive to lower prices so that you can utilize that capacity.

And you end up with a mortgage backed security.