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maybe, i have neither a moral stance nor suggested solution for that. Seems to me that is a trait of capitalism/market economies; those who can pay the most get
by maerF0x0 11y ago
maybe, i have neither a moral stance nor suggested solution for that. Seems to me that is a trait of capitalism/market economies; those who can pay the most get what they want.
- kbenson 11y agoYes, but the reason things cost more is because we are restricting supply through regulation. That's not to say that all the regulation should be repealed, but you can't examine the problem in a vacuum and expect useful information. It truly does come down to supply and demand.
- asabjorn 11y agoArtificially restricting housing supply through SF-like approval processes is not capitalism, and rent control is a band aid. It is laws that highly favors the incumbents that already live there. Even if we determined who should be allowed to live here with some other mechanism than money we would still be housing supply constrained.
- maerF0x0 11y agoI agree that there are tons of things at play distorting markets.