Originally Posted by
apple3
.. Chaser.
Like Bubble Tea, 1st mover make $ in sunrise. Chaser want, so pay for inflated franchise from 1st mover and bubble heading toward sunset and so chaser eventually bail out the business at a loss.
1st mover = +2, chaser = -2. (as always, balance up to zero)
.. Property.
Launch below 600psf. 1st mover go in then flipper or "bull"dozer buy over.
The rest the same as bubble tea, only the sunset (TOP) will tell the price up or down. So currently;
1st mover = +1, chaser = 0
In anycase, IMHO, both VP & CW should not worth more than 606psf @ medium in the 1st price.