4 ms·
> Lots of people want to blame rising prices on price fixing, when there really is growing demand without commensurate increases of supply. They want a silver b
by Sohcahtoa82 2y ago
> Lots of people want to blame rising prices on price fixing, when there really is growing demand without commensurate increases of supply. They want a silver bullet to bring down prices, without tackling the underlying problems.
Yup. The underlying problem is a single word: supply.
Build more supply, the prices come down. But of course, developers know that. They don't want the prices to come down, so they don't build supply.
- crooked-v 2y agoDevelopers don't build supply because most US cities have made it de facto illegal to do so. For the most extreme case, check out San Francisco, where as of June the city had permitted a grand total of 16 housing units. What developer is even going to bother trying under conditions like that?