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To the extent that an organization can understand anything, this one understands economics just enough to argue for policies that will get its members more mone
by pc86 4mo ago
To the extent that an organization can understand anything, this one understands economics just enough to argue for policies that will get its members more money, and argue against policies that won't. Real estate is the quintessential stay-at-home-mom backup job so it's no surprise by and large they are not known for having a nuanced and academic understanding of economic theory.
They want wages to go up so that home prices go up even more, and their members make even more money for doing basically nothing most of the time.
- mlhpdx 4mo ago> it's no surprise by and large they are not known for having a nuanced and academic understanding of economic theory The folks I’ve worked with have been as dedicated to their career path as anyone, and while their expertise and skill varies that isn’t different than any job. I understand your point, but your (mis?)characterization hits me as a little biased and shallow. It’s not “theory”; it’s literally what they do.
- pc86 4mo agoThey're intentionally focusing on only one half of the equation because the other half is partly their fault, and addressing it hurts their members. They either don't understand that addressing wages without supply simply increases prices, or they do understand and don't care because it's good for their pocketbook. Which one's worse?
- mlhpdx 4mo agoThe article does, agreed. But I don’t think it was written by actual realtors. It’s the product of an organization that is representing them poorly, or so it appears.