4 ms·
The available funds is irrelevant to my point because costs increase in proportion everywhere. If we 2x the amount of money in the system a house will cost twic
by harryh 7y ago
The available funds is irrelevant to my point because costs increase in proportion everywhere. If we 2x the amount of money in the system a house will cost twice as much...but so will the cost of a person's labor.
But the ratio of the cost of a house to a person's labor will stay constant.
- tonyedgecombe 7y agoNot if the supply of housing is constrained but Labor isn’t.