Stockholm, London, Paris and Bay Area literally have now way to expand. You can easily find examples for well-functioning libertarian housing markets, but just

Stockholm, London, Paris and Bay Area literally have now way to expand. You can easily find examples for well-functioning libertarian housing markets, but just as easily find examples to the contrary. Economists usually also have a very narrow view of what constitutes good living. Letting the market decide in areas with low supply leads to ghettoization.