I feel that you missed one basic aspect of economics. Competition is one reason prices might go up. There are other reasons, which are relevant here. Monopolies, collusion, price fixing, goods that people can’t live without, speculation, those are also reasons that prices go up.
In the housing market, it’s not fair, it’s not free, this isn’t a basic supply and demand situation.
The solution is to build more housing where people want to live.
Don’t get suckered into their blame game. This just results in everybody pointing fingers while the prices continue to soar.
Prices only go up because there’s competition to buy them.
I feel that you missed one basic aspect of economics. Competition is one reason prices might go up. There are other reasons, which are relevant here. Monopolies, collusion, price fixing, goods that people can’t live without, speculation, those are also reasons that prices go up.
In the housing market, it’s not fair, it’s not free, this isn’t a basic supply and demand situation.
Tax and other policies encourage the parasitic behavior.