Re:The Housing Market With Nowhere to Go but Up
by dllthomas on Sunday March 02, 2014 @03:13PM
(#7330573)
"So, the supply-demand equation is very real, and at some point, prices will abate."
Only if demand goes down or supply goes up. The dotcom bust was an example of demand going down, but I don't see that it had anything to do with the high price of housing.
"Nothing goes up forever."
I don't think you can count on anything going up forever, but I'm not sure I would want to bet too heavily on any particular thing not going up forever - particularly when you consider that something could "go up forever" while having a horizontal asymptote.
Note that I'm not saying nothing else can solve the problem - another decline in tech certainly would - but for it to be the high prices that solve the problem requires those high prices be able to motivate useful behavior.
Only if demand goes down or supply goes up. The dotcom bust was an example of demand going down, but I don't see that it had anything to do with the high price of housing.
"Nothing goes up forever."
I don't think you can count on anything going up forever, but I'm not sure I would want to bet too heavily on any particular thing not going up forever - particularly when you consider that something could "go up forever" while having a horizontal asymptote.
Note that I'm not saying nothing else can solve the problem - another decline in tech certainly would - but for it to be the high prices that solve the problem requires those high prices be able to motivate useful behavior.