Comment by bradlys
We’ve already seen that the market is not like that. Rent collusion already exists with landlords.
When it comes to a necessity like shelter, it doesn’t follow supply/demand curves all the time.
We’ve already seen that the market is not like that. Rent collusion already exists with landlords.
When it comes to a necessity like shelter, it doesn’t follow supply/demand curves all the time.
Housing follows supply/demand curves more than most other goods do. Most other goods have elastic supply -- when demand for widgets goes up factories start producing more widgets so the price follows the commodity rule "price = marginal cost" rather than classical supply and demand.