2 ms·
> If housing were monopolistic in supply, and completely inelastic in demand Right, and we should bear in mind that housing competes not only against identical
by dllthomas 10y ago
> If housing were monopolistic in supply, and completely inelastic in demand
Right, and we should bear in mind that housing competes not only against identical units in similar places but also longer commutes, alternative living arrangements, and leaving the area entirely.