JD Vance On Why Homes Are So Expensive In The USA

@OriginalDumbMan
Wow, you're smart. 🤣

@Northwest things are not so complicated. People make it complicated because they don’t want to accept the truth.

@OriginalDumbMan
Wow, more haikus. What a smart guy.

@Northwest you can’t deny the basics.

@trollslayer I am just commenting on demand and supply economics which I have observed.

@OriginalDumbMan If you've been paying attention, the real culprit is shrinking supply due to corporate buying of property.

FYI, that's also simple supply-demand economics.

@OriginalDumbMan says Additionally, you are assuming the quantity of housing stock remains fixed. Additionally, you are assuming immigrants contribute nothing to increase our housing stock. Fact is, immigrants supply low cost labor to the construction industry, thereby increasing housing stock and lowering costs.

@ElwoodBlues 👏👏👏👏👏👏

@OriginalDumbMan Its simple supply and demand economics. And with less people you have less labor to supply the demand. Thats why they call it supply/demand equilibrium..So the cost either stays the same for each unit of production. Or indeed rises as you lose the advantages the economies of scale that mass production brings..It helps if the vice president stayed awake for the whole lesson..😷