> Why is housing exempt from normal supply and demand? Most people feel the need to live in a house, so the demand is not going to diminish when the supply is

> Why is housing exempt from normal supply and demand? Most people feel the need to live in a house, so the demand is not going to diminish when the supply is low. Also, the land that housing requires is a fixed size resource, so is often seen as a good investment which means that over-supply of housing usually results in it being purchased by the wealthy and then used to generate rent income from the less wealthy.