3 ms·
So if scour classified ads for $5,000 BMWs, and cant find any, is there a shortage of BMWs? (or am I just being unwilling to pay a market price and instead usin
by TuringNYC 8y ago
So if scour classified ads for $5,000 BMWs, and cant find any, is there a shortage of BMWs? (or am I just being unwilling to pay a market price and instead using some made up shortage as an excuse?)
I'd say the later. There is no such thing as a shortage without the context of a price. Otherwise, anyone can manufacture shortages.
There is a shortage of homes for $75,000 in the bay area. There is a shortage of people willing to deliver fresh coffee to my doorstep for $1. Pretty easy..
- wbl 8y agoIf we permitted more homes the price would fall. No reason the bay can't become an Asian megapolis.