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0 sats \ 3 replies \ @_stacktoshi 13 Jan \ on: Stacker Saloon
Economically illiterate, step-1 thinking CBS reporters implying landlords taking highest bids are the worst of humanity https://youtu.be/surr_WuGHgc?si=rf5k7joRSNGvhs77&t=678
Believing housing will magically be supplied by capping prices and vilifying suppliers who use a market mechanism to determine need ain't gonna get you anywhere, sweethearts.
All we need is wealthy homeless buying more than they need because prices are capped.
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Look up the definition of "rent seeking" and please tell me how it applies here.
You think the answer to scarce resource allocation is let's get government involved??
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I think you just got your wish. The fires in LA are going to produce a lot of wealthy homeless. Nothing will be produced in price capped places.
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