>yeah dude the free market economy of supply and demand is totally real>it's just a coincidence that housing has always been exactly expensive enough to require you work 40 -60 hours a week thus forcing you to live and behave the exact same way as a peasant serf from the middle ages who had zero autonomy >you're free though trust me bro
>>225385743Forgot to say, is the housing economy like this in your country O algo? Bbc israel twinks?
you need 160 average salaries here to buy an apartment, so 13.5 years of working 40 hours a week without spending any of it
>>225385743free market economics is a form of magical thinking
>>225385763>Bbc israel twinks?there are only like 10 twinks in the entirety of israel, and they are slavic not niggers
>>225385743honestly i would never live in a cardboard house, imagine paying lifetime mortgage for it
thats not true at all, medieval peasants had a lot of free time
>>225385743literally *you* some 15 years before had a housing market where you could have kids and an unemployed wife and still live in luxury
not everyone can have a 300 yards private mansion in the wood chud
>>225387198Thats because once you planted crops there was nothing to do except wait.And you also couldnt plant crops for half the year.They didnt work because they didnt need to work they didnt work because there was no work they could do.
>>225385743economists basically only care about what is good for 'business', capitalists. ultimately, when developing their 'theories' of how to make more money by appealing to the interests of capitalists (which is really the true 'function' of economists, who themselves are often wage workers), they end up creating theories that simply reflect the political and economic interests of the bourgeoisie, as well as their worldviewthat's why they ultimately think that their theories are equally 'valid' 1000 years ago and 1000 years in the future, they simply extend their worldview uncritically into other historical periods and the future
>>225385743That sounds an awful lot like famous classical economist David Ricardo actually
>>225385743>at least we're not serfs
>>225385743I could easily get a nice flat for 50,000 and a decent house for 90,000 euros back in my home village in the mountains, but of course I couldn't find a job back there
>>225385743that's the whole point of capitalism and turning the world into economic zones
>>225391013He was full of shit on that THOUGH, it would be easy to ration land instead of having market exchange for it and that would prevent the "iron" law of rent from existing at all
>>225385743The housing crisis is a local phenomenon. There are plenty of places in any country where homes are dirty cheap. Demand far exceeds supply only in a limited number of big attractive cities. If you can't afford a house there just stop complaining and move to a cheaper area.
There is no free market when it comes to housing. It's literally one of the most regulated industries in the entire Western world.If there was a free market you could buy some cheap land in the middle of nowhere and build whatever you please without asking anyone for permission, just like your grand-grandparents did.Politicians and media promote the idea of there being a free market because it works as a cover for their harmful policies.If housing becomes ridiculously expensive, they can blame the free market instead of the policies they enacted that constrict the supply of housing.It allows politicians and oligarchs hoarding all of the housing units to avoid blame and escape the rage of the people who've been left without a home, or are forced to pay ridiculous prices.People owning stuff and getting what they want for cheap is bad for the GDP. That's why things are this way.
>>225392535Would it be easy? We have plenty of raw land. What's scarce is desirable land, and it's desirable because a lot of people and capital are already there (agglomeration effects). Obviously the old picture of wages stuck at subsistence turned out to be wrong
