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>What you're saying doesn't make sense. Why would anyone invest without expecting more consumption? Exactly. That bit was dumb. Hence why industrial machinery
by crdoconnor 11y ago
>What you're saying doesn't make sense. Why would anyone invest without expecting more consumption?
Exactly. That bit was dumb. Hence why industrial machinery didn't shoot up in price like the cost of a 2 bedroom semi in San Fran did.
- yummyfajitas 11y agoIndustrial machinery didn't crazily shoot up in price because NIMBYs haven't made it illegal to produce more. Housing prices in SF are entirely a self-inflicted ill - NIMBYs causing scarcity. Houston does it right: http://marginalrevolution.com/marginalrevolution/2015/03/houston-v-california.html http://marginalrevolution.com/marginalrevolution/2015/03/hou...