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The difference is that housing is a market where you can't increase supply much, because of location. This makes it an accelerator of inequality, unfairness and
by MrBuddyCasino 7y ago
The difference is that housing is a market where you can't increase supply much, because of location. This makes it an accelerator of inequality, unfairness and hereditary wealth. Also, regulatory capture.
- lotsofpulp 7y agoWe can increase supply by a lot in most places, just not single family homes with garages.
- MrBuddyCasino 7y agoTheoretically, it could be done. Practically, home ownership makes everyone a Nimby, pulling up the ladder for everyone who doesn't.