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There is very little “free” about the housing market- the supply side is incredibly regulated, often at the requests of home owners who treat their home equity
by mattnewton 3y ago
There is very little “free” about the housing market- the supply side is incredibly regulated, often at the requests of home owners who treat their home equity as a savings account.
- bugglebeetle 3y agoThe market is how it exists, not in some libertarian fantasy of unfettered exchange. If there’s money to be made bribing politicians to prevent housing from being built or turning every single family home into a rental, the market will coalesce toward those ends. But feel free to tell me how you’re going to dismantle homes owner and investment firm power over the US political class and create a world where home values are flat or go down. The political party who did this would be immediately cast out of office.
- mattnewton 3y agoI don’t disagree with any of that, I merely disagree that the anything resembling a free market created these issues through increased financialization. That is a symptom of the underlying issues you mentioned.
- deleted 3y ago[deleted]
- bugglebeetle 3y agoThe underlying issue is what markets are in reality.