4 ms·
What if those in control of the market are those who can benefit more (in the short term) by restricting the supply? A completely free market works well for man
by fredley 9y ago
What if those in control of the market are those who can benefit more (in the short term) by restricting the supply? A completely free market works well for many things, but not for housing, in part because there is a extremely limited supply of land, and nobody's making any more.
- Retric 9y agoThere is actually a lot of land, what makes land expensive is being close to useful infrastructure. But, the median cost of an acre of land in the US is still well under 10k.
- falcolas 9y agoThat median acre is also in the middle of nowhere with no power, water, sewer, or roads within thousands of feet, if not miles. It's probably covered in wheat or corn too.
- Retric 9y agoWell sure, but again you can still generally turn that into a house with water and power for vastly less than a tiny SF condo. Hell, you can even add both a small airstrip and an airplane and still be less executive than a SF condo. Or skip the land and buy a solar powered houseboat which can go just about anywhere for less than a 600sf condo.
- snidane 9y agoHow about you make the rules of the game fair in the first place and then let the market work. Let the owners of land pay price for having that privilege (land tax) and only those who make use of that land will hold it. If they decided to just hold the land out of use, they would pay the taxes for you, so it would be win win.
- fredley 9y agoExactly. Parent was suggesting deregulation. Making the rules of the game fair is regulation.