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A comment on Cargo Is Piling Up Everywhere, and It's Making Inflation Worse. Parent comment

Re:Cargo Is Piling Up Everywhere, and It's Making Inflation ... by iso1631 on Tuesday June 22, 2021 @05:08AM (#27589501)
The cost of housing is mainly in the cost of renting the land from a landowner (or the cost of paying the mortgage having bought the land). That is linked to the amount people can spend.

If other things increase in price, people have less money to spend on housing, rents go down, which leads to house prices going down.

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Re:Cargo Is Piling Up Everywhere, and It's Making Inflation ... by ClumsyPilot on Tuesday June 22, 2021 @11:43AM (#27593117)
Your economic model seems to boil down to "all money that can be spared flows to landowners"
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Re:Cargo Is Piling Up Everywhere, and It's Making Inflation ... by concordDance on Tuesday June 22, 2021 @04:40PM (#27596900)
That's roughly how it works in the South East of England.

London has the worst [years of wages] for 1 square meter of housing ratio in the world. Excluding Hong Kong.

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