4 ms·
Supply and demand? Increase demand, supply is largely fixed* , prices go up. * a house in the boonies isn't really a substitute for a house in the city. Ever
by stolio 12y ago
Supply and demand? Increase demand, supply is largely fixed* , prices go up.
* a house in the boonies isn't really a substitute for a house in the city. Every house has demand from people who want to buy it as a home plus the demand of people who want to buy it to rent/flip/scrape it.
- spikels 12y agoYou are confusing land and housing - they are not the same. Land area is fixed but habitable space is not. In built up areas the constraint on building new housing is largely regulatory (mostly planning regulations).
- stolio 12y agoI lump land and housing together because that's how reality does it. Aside from trailer-houses they all stay on one piece of land for the duration. If an analysis depends on houses being able to fluidly change land positions I don't think it would be very useful.