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Joined 8 months ago
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Cake day: September 23rd, 2024

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  • ace_of_based@sh.itjust.workstoPeople Twitter@sh.itjust.worksSock Puppet Twitter
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    1 month ago

    The whole idea behind “Supply and demand” require that “demand” can fluctuate as readily as “supply”.

    Shelter does not fit the narrow confines of the econ101 S&D concept; as shelter from the elements is a necessity, and so demand does not fluctuate.

    But you are correct about S&D existing in the market as it currently stands. Problem is, “the housing market” has moved fully away from a “market of shelter”. It is driven by speculators who hold vast swaths of property and treat these items as a commodity, not shelter. “Shelter seekers” compete with each other and with speculators in this “commodities market” but “Shelter Seekers” are not the driving force of demand, their demand is static.

    So you’re right in the sense that supply and demand exists for the current “housing market”, but the S&D are held and driven by and for speculators, it is not a shelter seekers market.














  • Uh, yes. We could talk about unemployment numbers, but even if we did (and i have a distinct feeling you’re being vague because you don’t plan to) those numbers aren’t by a long shot the only metric we use measuring the economy.

    In fact a lot of ways “the economy” is measured doesn’t take into account things the average citizen cares about, like cost of living etc. hence my use of the widespread pejorative "rich peoples yacht money