Good News on Housing

[nathanm]

Say fifty years ago you were the rich guy able to sell something to 50 million people, but today your able to sell to 500 million people... he is gonna be a whole lot richer today.

Ideally, other businesses would come into being to serve the larger market, thus increasing competition and keeping pricing down. These days that doesn't much happen. You get three or four big firms that control the vast majority of any given sector.

[Conan71]

Ideally, other businesses would come into being to serve the larger market, thus increasing competition and keeping pricing down. These days that doesn't much happen. You get three or four big firms that control the vast majority of any given sector.

But keeping pricing down helps to suppress wages and the purchasing power would likely remain static for those you are concerned about.