[Boards: 3 / a / aco / adv / an / asp / b / biz / c / cgl / ck / cm / co / d / diy / e / fa / fit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mu / n / news / o / out / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / t / tg / toy / trash / trv / tv / u / v / vg / vip /vp / vr / w / wg / wsg / wsr / x / y ] [Search | Home]
4Archive logo
Hey /biz/, can you guys explain how the supply...
If images are not shown try to refresh the page. If you like this website, please disable any AdBlock software!

You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 9
Thread images: 2
Hey /biz/, can you guys explain how the supply & demand curves would change based on the following situation:

The city buys a bunch of houses on your street to use them for subsidized housing (for homeless). Would supply and demand both shift left? Thanks.
>>
Are you talking before or after everyone on the block puts their home up for sale?
>>
I think so, not 100% sure though..
>>
>>1028694
after the purchase has been made by the city with the intent to turn it into government housing
>>
Yes, quantity goes down and price goes up due to there being less, thus p↑q↓.
Realistically price goes down because people don't want to live near homeless people, but that's not the question.
>>
>>1028706
>supply goes down because there are less houses available
>demand goes down because now the neighborhood smells funny
>>
>>1028706
>>1028710
so both supply & demand shift to the left?
>>
>>1028710
This, nigger effect. Also causes housing to be more expensive in nearby whiter neighborhoods.
>>
File: 1442381607657.jpg (112 KB, 628x640) Image search: [iqdb] [SauceNao] [Google]
1442381607657.jpg
112 KB, 628x640
>>1028713
Supply shifts left because government now monopolizes supply, making availability less

Demand shifts right, but by those who have less money, so it's a push, see >>1028710

Overall demand by quality tenants shifts left, since no one of any value wants to live in government hovels

It's not the best analogy to apply pure S&D curves to
Thread replies: 9
Thread images: 2
Thread DB ID: 394841



[Boards: 3 / a / aco / adv / an / asp / b / biz / c / cgl / ck / cm / co / d / diy / e / fa / fit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mu / n / news / o / out / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / t / tg / toy / trash / trv / tv / u / v / vg / vip /vp / vr / w / wg / wsg / wsr / x / y] [Search | Home]

[Boards: 3 / a / aco / adv / an / asp / b / biz / c / cgl / ck / cm / co / d / diy / e / fa / fit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mu / n / news / o / out / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / t / tg / toy / trash / trv / tv / u / v / vg / vip /vp / vr / w / wg / wsg / wsr / x / y] [Search | Home]

All trademarks and copyrights on this page are owned by their respective parties. Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.
This is a 4chan archive - all of the shown content originated from that site. This means that 4Archive shows their content, archived. If you need information for a Poster - contact them.
If a post contains personal/copyrighted/illegal content, then use the post's [Report] link! If a post is not removed within 24h contact me at [email protected] with the post's information.