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Housing is just now starting to emerge from a huge correction. Despite all the bullshit surrounding housing, it is still a functioning market. (meaning, prices
by metalliqaz 9y ago
Housing is just now starting to emerge from a huge correction. Despite all the bullshit surrounding housing, it is still a functioning market. (meaning, prices are set by scarcity and demand) There are still inequalities there but it's not nearly as big an issue as the debt discussed in the article.
- TheCoelacanth 9y ago> prices are set by scarcity and demand Scarcity which is artificially limited by zoning and demand which is artificially inflated through near-zero interest rates.