Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on The Long History of Nobody Wants to Work Anymore. Parent comment
The flaw in this argument is that it assumes markets are perfectly efficient, when in reality they are affected by several factors.
> there are strong barriers to the creation of new housing
Right, this is one of those factors.
Others include land limitations, interest rates, government incentives and backstops.
Plus even if you're right that decades from now housing will be more affordable that's of little use today.
The flaw in this argument is that it assumes markets are perfectly efficient, when in reality they are affected by several factors.
> there are strong barriers to the creation of new housing
Right, this is one of those factors.
Others include land limitations, interest rates, government incentives and backstops.
Plus even if you're right that decades from now housing will be more affordable that's of little use today.