Quote:
Originally Posted by Cleveland Steam Whistle
How are you applying that in this situation? Long term supply of what is impacted by the cost of what in this situation?
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Long term supply of rentals is impacted by the suppliers' costs (i.e. stuff like housing price, taxes, interest rates). I was responding to a post that basically said "cost is irrelevent, it's supply and demand" and pointing out that that's only true in the short run, as in the long run costs is part of supply.