Has capitalism failed the housing market?
Has capitalism failed the housing market?We need to examine the decisive points that lead us through some philosophy to consider capitalism’s impact on housing affordability and supply.Ultimately, our goal should be to achieve an adequate supply of homes, resulting in a median home price of two times the median household income for that area.Capitalism and HousingScottish Economist and Philosopher Adam Smith speaking on capitalism in 1776:It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address…
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