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All of these things have a fixed supply, while the demand for them has only increased; this is why costs have increased. US population alone has at least double
by pmarreck 4y ago
All of these things have a fixed supply, while the demand for them has only increased; this is why costs have increased. US population alone has at least doubled since then.
the one exception possibly being the theater experience, since you can build more theaters, but real estate has also gone up (due, again, to fixed supply and increasing demand) and that cost is passed along to the consumer, so the effect is the same. Plus, pandemic losses need to be recoup'd, etc.
- fzeroracer 4y agoHas demand actually increased, or has it been bought out by people with more money than your average person? I feel like this point is often missed. There's a fair amount of Disney superfans for example that have the wealth and ability to make frequent and often trips to Disneyland. If you have enough of those wealthy individuals, they can push out everyone else. In this scenario the price of the attraction(s) is almost irrelevant and incentivizes Disney to only cater to a very specific and wealthy crowd. Real estate functions the same way as land is consolidated under wealthy individuals. These individuals then make a lot of their money by actively harming people's ability to rent or own property (though things like AirBnB) and then repeat the cycle. The problem isn't fixed supply/demand, it's the consolidation of wealth and power in fewer individuals that then disproportinately affect the dynamics.
- pmarreck 4y agoHow does AirBnB "actively harm people's ability to rent or own property"?