Quote:
Originally Posted by misher
To summarize most of your arguments I present to you the solution to our high demand for housing in this graph. The supply and demand graph is taught in 1st year economics to everyone because it summarizes the two most important drivers of the economy, demand and supply and it stands as an universal truth. As you will see, as supply increases the equilibrium will lower and the cost of housing will decrease while the quanity of housing will increase! Forget all these taxes, policies and crap, lets just build more housing. Eureka!
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There can be situations where demand is so high that supply cannot possibly catch up, which leads to higher prices. This may or may not be happening in Vancouver
It also ignores the fact that Vancouver's been building an unprecedented amount of new housing through this surge of demand, which indeed seems to show that it can just never be enough.
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