How to Build a City: California Forever w/ Jan Sramek & Devon Zuegel
Pirate Wires
Understanding Supply, Demand, and Housing Costs
People may lack a clear economic understanding of how supply and demand affect housing costs. Building more can decrease costs, but the emotional experience of paying a large sum for housing can overshadow this fact. The act of paying for housing can feel like losing something, despite developers creating value through building. It's a complex emotional response that might not be easily addressed by merely improving economic education.
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