4 ms·
The problem the the "it's the supply and demand stupid" justification for high house prices is that it ignores the fact that on what's supposed to be the demand
by hanoz 9y ago
The problem the the "it's the supply and demand stupid" justification for high house prices is that it ignores the fact that on what's supposed to be the demand side we have a massive oversupply of borrowed-into-existence virtually free money.
- quotemstr 9y agoAbsolutely. It's ridiculously risky for the economy to give people million-dollar loans for shacks in East Palo Alto when we know that prices will decline once the Bay Area finally adopts sane development policies.