Re: Not always joking, it seems

In article <fq53o4$f68$1@[EMAIL PROTECTED]
>,
 "Keith F. Lynch" <kfl@[EMAIL PROTECTED]
> wrote:

> Seth <sethb@[EMAIL PROTECTED]
> wrote:
> > Once the demand at 150K is satisfied, less-profitable houses will be
> > built.  But apparently, that hasn't happened yet.
> 
> Why does it happen in other fields?  There are, for instance,
> expensive clothes and cheap clothes available for sale.  And expensive
> food and cheap food.  Similarly with almost everything else, except
> housing and medical care.

In the case of housing, I suspect the real answer is that, most of the 
time, the cheap housing is simply old housing, and new cheap housing 
usually can't compete.

-- 
 http://www.daviddfriedman.com/
http://daviddfriedman.blogspot.com/
 Author of _Harald_, a fantasy without magic.
 Published by Baen, in bookstores now