On: Why so many people are moving to Texas

[jbooth]

Competition drives the cost of living up. We can explain this with supply and demand.

As far as the industrial history, yeah, service economy, information age, yadda yadda.

And I agree on Wall St, I pretty much despise them. But if you're going to preach unfettered capitalism via low taxes you should be worshipping it.

[DamnYuppie → jbooth]

Competition generally drives prices down. Governments involving themselves in the marketplace generally drive prices up.

[ahomescu1 → DamnYuppie]

That sounds like supply-side competition, which does drive prices down.

When talking about competition over housing, you have a somewhat fixed supply but high competition on the demand side. In that case, prices go up.