[zamfi]

Why doesn't it feed through to the price of food? Of vehicles? Of energy?

It only feeds through to the price of certain classes of goods: housing, healthcare, education.

Those are also "markets" that are artificially supply-constrained, through zoning, the AMA, and accreditation.

To be clear, I'm not saying that we should get rid of zoning, the AMA, and accreditation—but we should be much more careful to avoid use of those tools to curb supply.

[llamaimperative]

Food, vehicles, and energy all have elastic supply. Higher prices induces more supply. This is not the case with land.

[zamfi]

> This is not the case with land.

Not with that attitude!

Kidding aside, most people looking for housing aren’t buying land, they’re buying housing — which absolutely does not have elastic supply by policy, not by natural law.