4 ms·
Stocks, bonds, commodities, and other income generating assets are financial instruments. The price of stocks, bonds, commodities and other income generating a
by youeseh 7y ago
Stocks, bonds, commodities, and other income generating assets are financial instruments.
The price of stocks, bonds, commodities and other income generating assets can fluctuate for many reasons, one of which is an increase in supply.
Housing is a financial instrument. And like any financial instrument, there is a risk of over supply. If the risk goes up, the new price would reflect the risk.
When legislation tries to fix pricing, black markets pop up.
No legislation that does not increase supply will reduce the cost of housing in real terms.
- andrewstuart 7y agoNice - this is exactly how vested interests would put it - in very convincing economic terms that are hard for anyone to argue with. That's my point exactly.
- opportune 7y agoThat's because it's true? I am also in favor of a complete decommodification of housing but in a well-functioning market based system what they described would occur.
- youeseh 7y agoNo. Your point was "The real problem is that housing cannot be both affordable and a financial instrument." I argued against your point. Instead of making a counterargument, you decided to vilify mine by associating it with "vested interests".
- sisu2019 7y agoConservatives think liberals are wrong. Liberals think conservatives are evil. Jonathan Haidt is illuminating: ___ [...]liberals answered the Care and Fairness questions while pretending to be conservatives. When faced with questions such as “One of the worst things a person could do is hurt a defenseless animal” or ”Justice is the most important requirement for a society,” liberals assumed that conservatives would disagree. ___ From: https://theindependentwhig.com/haidt-passages/haidt/conservatives-understand-liberals-better-than-liberals-understand-conservatives/ https://theindependentwhig.com/haidt-passages/haidt/conserva...
- solveit 7y agoSo to paraphrase, "Your argument is convincing therefore it must be wrong and also you are evil"?
- sisu2019 7y agoArguing with economic laws makes as much sense as arguing with gravity. The only reason you get as far as you do is that the level of econ education approaches zero in the general population. What you said is not even wrong, it's not well defined, it's not supported by any evidence and it betrays that you have absolutely no clue about how markets work at all. It's a lot like if you had said "falling down hurts as long as we don't abolish gravity".