Comment by IG_Semmelweiss
4 hours ago
because government regulators are backstopping the loan that young adult took for that sauna.
There's no free lunch. Its not a free market when a 17yr old with zero job experience can enter loan agreements of 100k per year.
And you know that's true because in any other scenario, the same 17yr old will get laughed out of any loan office. I'm not even sure a 17yr old would get a 400k bank loan if the kid showing up at the bank as the patent holder of Wegovy, for example.
That ans I'm not sure the free market could not provide private independent luxury sports amenities just next to universities if it was a real need. I'm pretty sure the free market sports places would fail fast however.