3 ms·
Economies of scale were realized in the tv, but not the house. Maybe bc they aren’t realizable in housing, maybe bc regulation, maybe bc of the nimby veto, etc.
by next_xibalba 8mo ago
Economies of scale were realized in the tv, but not the house. Maybe bc they aren’t realizable in housing, maybe bc regulation, maybe bc of the nimby veto, etc.
- tudorconstantin 8mo agoI think it’s rather because of scarcity: you can’t scale and automate land/prime-location land
- jama211 8mo agoWell you can scale it, which is why housing affordability is higher in many places where the cities are actually far denser than Australia. There are perverse incentives not to though, property prices don’t rise (which is what investors want) if you actually focus on increasing supply.
- itake 8mo agoPeople are building houses with way more features, that last longer, have better thermoregulation, and just more comfortable to live in.
- kelipso 8mo agoSame goes for TVs too. That’s clearly not the reason why house prices rose so drastically.