Originally Posted by
BAllen
I just brought it up as a question. I believe free market capitalism works, it's just rarely free. If we had a free market system, housing prices would have already adjusted to the lower wages of Americans, and probably be about 1/3 of their current pricing. I was just curious how the free market could allow those places to be accessible to non wealthy people, since the supply of those desirable areas is so limited, unlike regular housing in the entire country. There's only so much space in the market for mountains, lakes, and rivers. This limited supply makes the property a perpetually high priced item, doesn't it?