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Sigh, it is always supply and demand. If demand is higher than supply, prices rise. It is a universal law of economics that people pretend doesn't apply to hou
by cscurmudgeon 3y ago
Sigh, it is always supply and demand. If demand is higher than supply, prices rise.
It is a universal law of economics that people pretend doesn't apply to housing.
In these towns, do you have evidence demand is stable and yet prices rise?
https://scott-wiener.medium.com/yes-supply-demand-apply-to-housing-even-in-san-francisco-193c1b0c190f https://scott-wiener.medium.com/yes-supply-demand-apply-to-h...
- JaimeThompson 3y agoAdam Smith would disagree.
- cscurmudgeon 3y agoThanks for posting relevant data. I have changed my stance entirely.
- JaimeThompson 3y agoI would expect that someone discussing this topic would be familiar with the various things Adam Smith and others have said about collusion to increase prices and related topics.