4 ms·
People are literally lining up down the block to look at apartments in the most competitive markets. https://www.bloomberg.com/news/features/2022-02-18/looking
by dionidium 4y ago
People are literally lining up down the block to look at apartments in the most competitive markets.
https://www.bloomberg.com/news/features/2022-02-18/looking-to-rent-in-nyc-what-bidding-wars-long-lines-mean-for-apartment-hunters https://www.bloomberg.com/news/features/2022-02-18/looking-t...
- pessimizer 4y agoThat's why they're called competitive markets. Other news: the temperature is very high in hot places.
- dionidium 4y agoYes, exactly. My explanation -- it's a supply problem -- is indeed straightforward and obvious (and therefore there's no need to be in search of grand theories about Income and Wealth Concentration). If you see people lining up around the block for something and your priors lead you to conclude that there is no supply problem, then your priors are wrong, almost by definition.