3 ms·
> It's a classic market failure If you mean classic "free" market failure, then I would disagree. The housing market is replete with constraints that are impos
by gwright 4y ago
> It's a classic market failure
If you mean classic "free" market failure, then I would disagree. The housing market is replete with constraints that are imposed by government. I think it is more accurate to say that it is a classic regulatory failure (at least in some jurisdictions).