Not sure if those are always the same people :). There's only a subset of HN participating in each discussion, and those subsets often don't overlap between the topics.
Putting aside the fact that capitalism is the private ownership of the means of production, and that you probably mean something like "free market" which is very much not the same thing at all, housing isn't a free market. It's subject to massive restrictions and barriers.
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It's funny how HN people are all like "capitalism is awesome!" and then they complain when housing prices are high.
The housing market is filled with massive government intervention. Zoning codes, building codes, state backed mortgages, etc.
Not sure if those are always the same people :). There's only a subset of HN participating in each discussion, and those subsets often don't overlap between the topics.
Putting aside the fact that capitalism is the private ownership of the means of production, and that you probably mean something like "free market" which is very much not the same thing at all, housing isn't a free market. It's subject to massive restrictions and barriers.
What are you talking about? The HN crowd is known for its anti-capitalism.
And its laissez-faire libertarianism.
how MASSIVELY regulated market can be considered capitalism/free market? It's exactly the opposite and so prices are high.
PS capitalism is awesome indeed
How so?
The high prices come from government intervention dude. Good job making yourself look like an uneducated fool.
http://gregmankiw.blogspot.de/2009/02/news-flash-economists-...
ad hominem: https://rwer.wordpress.com/2015/01/17/pikettys-response-to-m...