To: gotribe
How does bulldozing houses create wealth? Sure, resources, investments, and time were misallocated, but that doesn't make artificially restricting supply an appealing proposition. That is a great depression solution. Let the lower house prices signal to the market to stop building houses.
31 posted on
07/23/2011 4:00:04 PM PDT by
Cheap_Hessian
(I am the Grim FReeper.)
To: Cheap_Hessian
No one’s building houses because there are too many on the market. Reduce supply by bulldozing them.
72 posted on
07/23/2011 7:02:02 PM PDT by
gotribe
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