Hacker News new | ask | show | jobs
by HPsquared 309 days ago
People don't understand economics, generally.
1 comments
dazc 309 days ago
I remember when house prices doubled in the space of 3 years and it wasn't a supply shortage that caused this.
link
LargeWu 309 days ago
Sure, because demand went through the roof. And demand is currently high again. So either we need fewer people, or more dwellings.
link
frabcus 309 days ago
Supply of finance is critical factor in this not mentioned enough in this thread.
link
dazc 309 days ago
It wasn't a surge in demand either..
link
LargeWu 309 days ago
It was a surge of demand, driven by the availability of cheap money.
link
cloverich 309 days ago
Yes but thats misleading because the demand surge was people who want to live in the homes AND investors.
link