You're correct, but I was responding to the claim that land was somehow a special commodity -- in the words of my parent, "land isn't entirely a 'market' good - barring some pretty major civil engineering, increased demand for land in SF isn't going to make more land come on the market".
I reject that claim entirely, and your comment doesn't address my reasons. The supply of cocaine is controlled too, but I suspect that it's a fairly clear example of a 'market' good in the sense of my parent comment. Residential area is not limited any more than cocaine is.
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You're correct, but I was responding to the claim that land was somehow a special commodity -- in the words of my parent, "land isn't entirely a 'market' good - barring some pretty major civil engineering, increased demand for land in SF isn't going to make more land come on the market".
I reject that claim entirely, and your comment doesn't address my reasons. The supply of cocaine is controlled too, but I suspect that it's a fairly clear example of a 'market' good in the sense of my parent comment. Residential area is not limited any more than cocaine is.