4 ms·
Yes, it is bad. The distribution of wealth determines the distribution of resources. The housing stock is limited. It ends up being mainly owned by those with a
by Gupie 2y ago
Yes, it is bad. The distribution of wealth determines the distribution of resources. The housing stock is limited. It ends up being mainly owned by those with a lot of money, in the process putting prices up beyond even what the middle class can afford. Building new houses won't fix this as the new houses will end up being owned by the rich as well.
- EgregiousCube 2y agoIf we define 'healthy market' as one in which there are abundant buyers and sellers, and in which prices on the lower end are consistently within the middle class's grasp, is inequality still bad in and of itself?