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If you start viewing high and increasing housing prices as a feature of the system, and not a bug, much of the world that seems illogical starts to appear logic
by acyou 3y ago
If you start viewing high and increasing housing prices as a feature of the system, and not a bug, much of the world that seems illogical starts to appear logical.
For example, "Why do the powers that be continue to restrict land use? Don't they know that it drives up housing prices?"
Instead: "Because high and stable housing prices are desirable for society as a whole, restrictions on land use are put in place in order to carefully limit the amount of supply in the system. The people, voters and institutions doing this are not stupid or malicious, but know exactly what they are doing, and do it quite well."