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> As happens with the housing market to some extent. As happens in any market with limited supply, which generally means desirable land and luxury goods.
by ethbr1 1y ago
> As happens with the housing market to some extent.
As happens in any market with limited supply, which generally means desirable land and luxury goods.
- vannevar 1y agoAll demand is not created equal. The rich buy more houses than they need for shelter, in order to produce income. This essentially creates an artificial shortage of homes for purchase by actual homeowners. I believe that is what the commenter was referring to.