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> But once price expectations are set, the expectation that they're always going to go down, that you're going to get more for less, is also set. That's just ho
by pjmorris 9y ago
> But once price expectations are set, the expectation that they're always going to go down, that you're going to get more for less, is also set. That's just how markets and human nature work.
I'd offer counter-examples of houses, and stocks. Not everything goes down in price, only things that people don't borrow for.
- vinceguidry 9y agoNot all goods are the same. The prices of stocks and houses vary according to the demand, this is for all scarce assets. Labor demand varies with price. The price of construction is not the same as the price of housing. The price of construction has only gone down over time, because it's constrained only by time and materials, not scarcity.