this post was submitted on 15 Apr 2025
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Source: https://bsky.app/profile/mugrimm.bsky.social/post/3lmsej4cxqk2n

Tag: Matthew Yglesias

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[โ€“] [email protected] 1 points 5 days ago (1 children)

Is this not simply covered by elasticity? E.g. if housing was $50,000 a month, most people would be homeless, even if it is a "need".

[โ€“] [email protected] 1 points 5 days ago

At a certain level of inelasticity, the self regulating aspect of supply and demand becomes basically irrelevant.