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This is exactly what we've done to the housing market in the US. For some reason, people intuitively get why it's happening with cars, but housing... it's some
by davidw 5y ago
This is exactly what we've done to the housing market in the US. For some reason, people intuitively get why it's happening with cars, but housing... it's some kind of weird mystery why it's so expensive in so many places.
- alphabettsy 5y agoHousing doesn’t seem like a mystery at all. Home prices have been increasing rapidly for several years and supply is partly constrained by the pandemic.
- dionidium 5y agoThis has actually been a favorite analogy of YIMBYs for quite some time. "What if the supply of new cars were constrained for some reason?," they'd ask. "What would happen to the market for new cars? Would prices go up or down? Would people who had planned to buy a new car settle for a used one? Would this drive up prices?" Etc, etc. And of course that's exactly what happened.