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Sankozi | on: Austin’s surge of new housing construction drove down rents
We are not talking about economic theory. We are talking about house prices. Time after time it has been seen that free-enough market can lower the prices to affordable levels.
laserlight | parent
Fair, but the thread has evolved into a discussion on the theory. We are definitely in the territory of theory when the invisible hand is mentioned.
Sankozi | root | parent
I took "invisible hand" as a joke. The one with pattern : either (fairies/magic/invisible hand) or (sensible argument/observation here).