Rents and housing prices would certainly fall—possibly in some areas become free, though most legal systems today would have a problem with the.
Still, I think the point about the relative scarcity of labor to capital has a point so would expect an increase there even though aggregate demand will have fallen.
Rents and housing prices would certainly fall—possibly in some areas become free, though most legal systems today would have a problem with the.
Still, I think the point about the relative scarcity of labor to capital has a point so would expect an increase there even though aggregate demand will have fallen.