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Nevermind the collapse of salaries flowing into the area which is destroying what the market demand is willing to pay for the existing stock? This crowd, of an
by taeric 7mo ago
Nevermind the collapse of salaries flowing into the area which is destroying what the market demand is willing to pay for the existing stock? This crowd, of any, should be familiar with how many jobs flowed into that area and the promise of how many more it would be. Only for that to basically evaporate overnight.
Like, yes. At a base level, you need enough supply to keep prices down. But, the entire point of supply and demand is that it is two curves that intersect. And the demand curve, if pushed up, will also increase prices. Could you over supply such that you drive down the unit costs in a way that keeps prices down? Of course it is plausible. It is not typical market behavior, though. For that, you need excessive spending by someone.