Re:The $3500 Shirt – A History Lesson in Economics
by crimsonalucard on Saturday January 24, 2015 @07:32PM
(#8941616)
Also I want to mention that it is unlikely we will ever get "there" as property is not a good that can be mass produced. If I spend 1 million dollars designing a phone, I only need 20 dollars to instantiate a physical model.
Property cannot be instantiated. It is only bought, sold, taken or discovered and there's no more left to discover.
Re:The $3500 Shirt – A History Lesson in Economics
by ANTSANTS on Saturday January 24, 2015 @07:40PM
(#8941637)
Land cannot be mass produced, but dwellings certainly can be. There is plenty of unused or underutilized land in the US waiting for a high-rise to be plopped on it.
Property cannot be instantiated. It is only bought, sold, taken or discovered and there's no more left to discover.