That is only true when supply outpaces demand, and buyers can choose not to purchase the shitty products, which is not the case for housing thanks to years of NIMBY and protectionist zoning regulations preventing housing development on the low end of the market.
Also, necessities completely upend the supposed “free market” dynamic by not being something buyers can opt-out of when no better option is available.
If you control necessities, people are trapped with you no matter how shitty your product is.
That is only true when supply outpaces demand, and buyers can choose not to purchase the shitty products, which is not the case for housing thanks to years of NIMBY and protectionist zoning regulations preventing housing development on the low end of the market.
Also, necessities completely upend the supposed “free market” dynamic by not being something buyers can opt-out of when no better option is available.
If you control necessities, people are trapped with you no matter how shitty your product is.