Comment by blacksmith_tb
6 months ago
Ah, the wisdom of the market. I could rephrase that as "housing targeted for the rich" who are already pretty well-served, unlike the poor.
6 months ago
Ah, the wisdom of the market. I could rephrase that as "housing targeted for the rich" who are already pretty well-served, unlike the poor.
It's not the "wisdom of the market" it is simply that pricing isn't set by the seller, it is set by a dynamic process between seller and the buyer.
If you don't believe me, try selling a luxury good targeting a rich buyer on FB Marketplace and see if you can set the pricing arbitrarily high.
You're completely missing the point. Unless your name is Ferrari or something like that, you didn't build said luxury item.