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cavanarchy t1_j9phyxs wrote

I know the short answer to why/how supply and demand does not effect housing is greed but just wtf?

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SadMacaroon9897 t1_j9qo34u wrote

Supply and demand definitely does impact housing prices. A 5bed/3 bath in the middle of nowhere is practically worthless. But if it's in the middle of Manhattan, it would be one of the most expensive houses in the US. The supply of land within cities is fixed but the demand is ever-increasing.

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