Re:California’s housing crisis: how a bureaucrat pushed to b...
by ghaff on Friday February 14, 2020 @02:34PM
(#22329538)
Not really. Probably closer to a Veblen good (which does exist) but, in any case, those are about increased price driving up demand, not increased supply driving up price.
(I suppose increased supply could drive up price if providing that additional supply increased the overall costs but you'd presumably still be constrained by the overall supply/demand curves of the market.)
(I suppose increased supply could drive up price if providing that additional supply increased the overall costs but you'd presumably still be constrained by the overall supply/demand curves of the market.)