diet_jerome

11 mesi fadiscuss

I disagree. The root problem that causes high prices of food/housing/healthcare is the lack of supply for food/housing/healthcare. The root problem that causes low supply of food/housing/healthcare is government regulation. There is enormous market incentive to provide more food/housing/healthcare, increase supply, and decrease prices. However, governments have made it difficult or impossible for the market to provide more food/housing/healthcare. Even if someone's paycheck is the same over 30 years, if the prices of things go down (as they have for nearly all products and services except food/housing/healthcare), their purchasing power would increase and they are by definition wealthier.

diet_jerome

11 mesi fadiscuss

This is the case because government regulation makes it difficult, illegal, or impossible to increase supply of food/housing/healthcare and drive down prices.

diet_jerome

11 mesi fadiscuss

I'd like to advertise deregulating housing construction as a very clear way to help solve desperate housing problems in many countries (such as in the USA and much of Europe). You can check out more about it here. https://www.econlib.org/build-baby-build-now-under-construct...

diet_jerome

11 mesi fadiscuss

If market forces were allowed to operate, these needs would be fulfilled. Instead, the usa and a lot of europe have an enormous amount of regulation and government involvement in housing, healthcare, and food. Those of us who want progress and the world to be a better place to live should politically push for deregulation in these three markets/industries.

diet_jerome

11 mesi fadiscuss

Housing and health care are really expensive and are increasing in price in the usa. And yet, the prices of almost everything else (entertainment, clothes, cosmetic surgery, etc) is going down over time in the usa. I wonder if it has something to do with how much the local, state, and federal governments involves themselves and regulate housing and healthcare? (hint: it does)

diet_jerome

anno scorsodiscuss

How do you find a grey market source?

diet_jerome

anno scorsodiscuss

I share your frustration with only overpriced, luxury housing being built. However, I think you are misattributing the blame here. The reason why only expensive luxury housing gets built in so many areas is almost always because the local government only allows developers to build luxury apartments. If housing construction was deregulated, then actual rampant capitalism would see profit in building affordable housing and then build affordable housing. Take a look at things like ibuprofen. Ibuprofen is a pretty awesome medicine, but it isn't only for rich people now. It is very cheap and affordable. Same with cell phones.

diet_jerome

anno scorsodiscuss

I feel you there with only luxury housing being the only kind of housing being built in many areas. Honestly, a lot of it is damn ugly too. Allowing developers to construct non-luxury housing would help much more than only allowing them to build luxury housing.

diet_jerome

anno scorsodiscuss

I'd like to advertise deregulating housing construction as a very clear way to help solve desperate housing problems in many countries (such as in the USA). You can check out more about it here https://www.econlib.org/build-baby-build-now-under-construct...

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