So there were no homeless in the early nineties? Or they just didn't like dwellings?

No, but being an article on economics, some things were assumed. The theory of economics talks about "willing buyers and willing sellers", but what it means is "qualified buyers and willing sellers". Those who aren't qualified (i.e. can't afford houses) aren't considered to be part of the market.

Ergo, an oversupply of houses with the homeless sleeping in the streets. Doesn't upset the model at all!


The idiot also known as Capfka ...