keeganjw (u/keeganjw)

keeganjw commented on The Folk Economics of Housing aeaweb.org/articles?id=10... · Posted by u/kareemm

SilverElfin · 6 months ago

Is it that they truly don’t believe it or they don’t want more supply (since that changes their quality of life, neighborhoods, traffic, etc) but still do want lower prices in other ways (like by price caps or other things).

One legitimate reason to not think supply reduces prices is because of big financial companies buying up lots of houses and having effectively free rein to price how they want. It removes the competitive piece. In many areas the new houses are built by a few large home builders doing a few large developments, and the new apartments are owned by a few large corporate owners. That can slow down prices reaching their market value.

keeganjw · 6 months ago

This is another huge myth in the US housing market, that big companies own lots of the housing and are jacking the prices up. It's simply not true. Large corporations own a tiny fraction of the market while the vast majority is owned by individuals and small landlords.

keeganjw commented on Saudi Aramco chief says DeepSeek AI makes 'big difference' to operations ft.com/content/0d24dcf4-b... · Posted by u/ViktorRay

keeganjw · a year ago

https://archive.ph/T3S2P