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> From communist china to capitalist Korea, when housing is in short supply, buildings go up. That's great if it results in housing becoming more affordable.
by rodgerd 11y ago
> From communist china to capitalist Korea, when housing is in short supply, buildings go up.
That's great if it results in housing becoming more affordable. People are putting up housing to sell/rent at newer, higher prices. This achieves nothing for anyone except the person turning a profit.
- kevinchen 11y ago> People are putting up housing to sell/rent at newer, higher prices Every high-income tech worker living in an expensive new apartment someone who's not competing for existing housing and driving their prices up. It doesn't "achieve nothing," it's "how markets work."
- deleted 11y ago[deleted]