3 ms·
> There is no such thing as "to meet demand. you’re talking about induced demand (i think that’s the term?), which is very real and makes the 4M figure in the
by colinsane 4y ago
> There is no such thing as "to meet demand.
you’re talking about induced demand (i think that’s the term?), which is very real and makes the 4M figure in the article a bit misleading, but such demand isn’t likely to be infinite. consider an analogous endgame: i create a product which can dispense sushi for free. i give you a plate of 100 pounds of sushi, at no cost. you’re not going to eat it all, you’re not going to infinitely expand your demand to meet the available supply. supply really has met demand in this scenario.
i think a similar thing would apply to housing. even the very well-off don’t tend to purchase the maximal number of vacation homes they could afford. and i don’t think there’s any technology short of cloning that would cause a person to desire infinite residences: you can only be in on place at any given time…