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> Government intervention here won't work. The government has already intervened by not permitting enough new construction. There is no free market there.

• ericmay 5y ago
  There is no truly free market anywhere anyway which isn't relevant to any conversation. And besides, you're demonstrating the point - the government already intervened. So there's no reasonable criticism of the free market to be had here, in fact, without government intervention there would be new and additional construction. Anyway. The government is made up of the citizens, it's their choice isn't it? At what point does that no longer become true? And if they've made their choice to not build more housing, then the market dynamics that follow that decision will come to bear. In this case maybe it's no stores or shops, or the citizens will have to pay extremely high prices for things.
  • SmellTheGlove 5y ago
    > And besides, you're demonstrating the point - the government already intervened. Yes, as the comment I'd responded to is worded to suggest the government hadn't yet intervened and such intervention wouldn't work. Otherwise, yeah, I agree with you.
    • ericmay 5y ago
      You’re right, I suggested that in what I wrote. I was considering further intervention.