Hacker News Reader

Parent Full thread

dredmorbius

Housing (or rather, real estate) is an asset, a durable store of wealth.

Food and water are consumables.

Not durable, not wealth stores.

There's a great deal that hinges off real estate, especially in finance.

https://web.archive.org/web/20190115035057/https://plus.goog...

(And no, I'm not saying that high housing prices are good, but explaining the dynamic which drives them.)

View on HN

But there are certainly ways a subset of the population could profit from increasing food prices too. The question is a moral one.

The ultimate question to me is how the common weal benefits. A question for which in part the problem is in not having a good measure. Certainly not GDP or mean income, though measures of net happiness or well-being exist.

But individual advantage is a false measure.

BTW - your link from above is great - thanks for posting.

Thanks. Consider that highly speculative, though somewhat plausible.

Reply on news.ycombinator.com