If there are so many people who can’t afford housing, why does the cost continue to rise? Shouldn’t the cost fall because there isn’t a demand?
In: Economics
Still supply and demand. Homeless tend to congregate in places with better weather or more favorable homeless laws. Austin made it legal to camp out almost anywhere. More people are moving to Austin though so house prices have been jumping rapidly. House prices do fall in areas where people have moved away. Detroit famously had some very cheap houses on the market.
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