4 ms·
Yes, that is a big problem. People don't seem to learn their lesson. CA peoples leave CA and go to austin and we're already seeing some of the same things hap
by thorwasdfasdf 6y ago
Yes, that is a big problem. People don't seem to learn their lesson. CA peoples leave CA and go to austin and we're already seeing some of the same things happening there as in CA, where housing supply is restricted and of course, at that point housing prices go up again.
People just never learn the fundamentals of economics and how those decisions lead to economic hardship for so many, that's the real problem.
- edmundsauto 6y agoBy people, do you mean policymakers that disincentivize building more housing in order to prop up property values?
- thorwasdfasdf 6y agoboth the policy makers, and the masses of voters that support them.
- dllthomas 6y ago> People just never learn the fundamentals of economics Maybe. Or they know if they buy today and make it hard to build, they can go somewhere new with a big pile of money later. They got theirs, and they don't care about the others. In actually, it's a big and heterogeneous group of people. I expect some never learned, as you say. Some are jerks, as I described. Some just don't think deeply enough about their policy choices, and some think there are post-Econ 101 reasons why the Econ 101 dynamics (while important) aren't what dominate. And of course there are some of us Californians, staying and leaving, who do think it should be easier to build.