3 ms·
Cars do not have land which is inherently scarce. A better comparison is an RV, which is indeed rare. Also, I did not say houses wouldn’t be built - I said the
by amazingamazing 2y ago
Cars do not have land which is inherently scarce. A better comparison is an RV, which is indeed rare.
Also, I did not say houses wouldn’t be built - I said there would be fewer which is just the truth.
- pfdietz 2y agoAll else being equal, lower return on houses would result in fewer being built. But all else wouldn't be equal, since regulatory barriers would be removed. Indeed, your notion that houses would be spoiled as an investment, and fewer would be built, are contradictory. The former requires so many are built the market would be saturated, preventing appreciation.