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Not really. Housing resembles nothing like a free market. Supply and demand is driven a lot by political forces (regulation, political favoritism) that effect
by ssalazar 6y ago
Not really.
Housing resembles nothing like a free market.
Supply and demand is driven a lot by political forces (regulation, political favoritism) that effectively limit supply.
Large land-owning political entities or blocs have outsized influence on these factors.
- fighterpilot 5y agoJust because supply is constrained by regulations doesn't mean that pricing isn't driven by supply and demand. Those two things aren't mutually exclusive.