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> we have a supply shortage, not a pricing problem You think those are different things?
by justin66 3y ago
> we have a supply shortage, not a pricing problem
You think those are different things?
- konschubert 3y agoYes. If prices go up because demand is high and supply is low, then the way to fix this is by increasing supply. If you cap the prices, supply will be even lower and you get shortages. A pricing problem is when you have sufficient supply, but the sellers in the market are colluding to fix high prices. This can be fixed by trust breaking and/or price controls, but this isn't what's happening in real estate. Real estate is an extremely competitive market.