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Old 08-08-2018, 06:07 PM
 
83,444 posts, read 80,944,099 times
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That was my point the market says there are more buyers than sellers but only the offers change. You still need a buyer for every share or no transaction takes place
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Old 08-09-2018, 12:24 PM
 
Location: Brawndo-Thirst-Mutilator-Nation
18,478 posts, read 18,583,553 times
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Free markets, supply-demand............yes, I agree there is a lot more to it than that. Housing-markets are hugely manipulated by Fedgov and many other factors.
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Old 08-10-2018, 01:48 AM
 
Location: Sandpoint, Idaho
2,989 posts, read 5,580,449 times
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Quote:
Originally Posted by COcheesehead View Post
I hate it that a lot of folks still don’t understand it.
^ This
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Old 08-10-2018, 05:35 AM
 
Location: NC
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The concept is so very old school and overly simplified as to be misleading. But it is a good way to out smart the rubes.
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Old 08-10-2018, 09:05 AM
 
Location: Myrtle Creek, Oregon
14,943 posts, read 14,334,269 times
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Quote:
Originally Posted by tickyul View Post
Free markets, supply-demand............yes, I agree there is a lot more to it than that. Housing-markets are hugely manipulated by Fedgov and many other factors.
Ah, "free markets." I was wondering where that "Supply and Demand" thing came from. I understand there is a free market in Heaven, but you won't find one here on Earth.
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Old 08-10-2018, 11:30 AM
 
Location: Holly Neighborhood, Austin, Texas
3,784 posts, read 5,637,405 times
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Quote:
Originally Posted by tickyul View Post
Free markets, supply-demand............yes, I agree there is a lot more to it than that. Housing-markets are hugely manipulated by Fedgov and many other factors.
Exactly. The international building codes are hundreds of pages and most cities zoning codes are similarly complex. All these restrictions both artificially limit the supply of housing and increase the cost of units that are built. So if anything I could argue it is government getting in the way of the free market that is causing these distortions that trickle down as negative impacts to the consumers.

BTW I am loving the low cost fresh cherries and pineapples in my local grocery store thanks to the oversupply of these commodities.
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Old 08-10-2018, 11:54 AM
 
5,950 posts, read 1,747,860 times
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I'm not against the idea of the free market as it can be a boon for sellers who deal in high demand items. But it can be a little frustrating at times when buyers bid up everything based on desire for that object or manipulated scarcity, when it's still the same object with no added value at the going rate.

I'm starting to identify with all those parents who wanted to "wait until the price went down" instead of buying their kids video game systems on launch day.

LOL
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Old 08-10-2018, 11:59 AM
 
19,176 posts, read 16,769,522 times
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Originally Posted by ddm2k View Post
True.

Or price elasticity.
Or natural monopolies.
Or globalization.
Or tariffs.
Or competitive advantage vs. absolute advantage

I didn't major in it, but I did take macro- and micro-econ as electives. You learn enough to start making better consumer decisions.

Or Ricardian rent aka fictitious capital
Or endogenous money
Or chartalism
Or monetized debt
Or fungible debt
Or FIRE sector
Or Value
Or Utility
Or Marginalism
...
Or if we could find enough people that respond to external stimuli.
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Old 08-10-2018, 12:01 PM
 
19,176 posts, read 16,769,522 times
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Quote:
Originally Posted by Larry Caldwell View Post
Ah, "free markets." I was wondering where that "Supply and Demand" thing came from. I understand there is a free market in Heaven, but you won't find one here on Earth.

Free markets existed on Culpeper's Homestead you sacrilegious heathen.
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Old 08-10-2018, 12:03 PM
 
19,176 posts, read 16,769,522 times
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The best way to define markets is: the the reaction of subjects to the dictates of power .
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