No, it just means that removing supply constraints doesn't increase supply (enough) relative to demand.
Wealthier people moving to an area is an increase in demand which will make prices increase. The market has then done exactly what it is supposed to.
There has just never been much reason to believe that supply constraints were the primary driver of housing price increases. If they were people would have moved, or somewhere would have ended up being a lot better. It…
> Yes the internet will become a slum of AI robots and loners That has already happend. Though the algorithm(s) trained the lonely humans to do it. Happening right here, right now.
No, it just means that removing supply constraints doesn't increase supply (enough) relative to demand.
Wealthier people moving to an area is an increase in demand which will make prices increase. The market has then done exactly what it is supposed to.
There has just never been much reason to believe that supply constraints were the primary driver of housing price increases. If they were people would have moved, or somewhere would have ended up being a lot better. It…
> Yes the internet will become a slum of AI robots and loners That has already happend. Though the algorithm(s) trained the lonely humans to do it. Happening right here, right now.