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by salawat 1405 days ago
They got a million dollar windfall in a market now shifting to where the average buyer is in a position to drop a million plus without blinking.

You can be poor, even with a million in such a market, and all that happens if you move somewhere cheaper to start again, is you perpetuate the cycle.

1 comments

That's exactly the cycle of population growth. Either we build more housing to accommodate everyone, or poor people get kicked out by the rich.

The question is whether the Georgist solution is more equitable than what we have today. But no system can magically solve the problem of supply and demand.