scarcity
The U.S. Housing Market: Rent-Serfs and Artificial Scarcity
Authored by Charles Hugh-Smith via oftwominds, Unleash the powers of unlimited credit and excess capital on a limited, essential resource such as shelter and this is what we end up with: artificial scarcity, rent-serfs and half-vacant neighborhoods owned by absentee landlords. Ideologies sound wonderful in the abstract, but run aground in the granular real world. The …