"Suppose there were a law forbidding anyone to own more than one car. It seems obvious enough that the abolition of that law would increase the demand for cars. Sellers of cars would be better off. Buyers who did not take advantage of the new opportunity--those who bought only one car--would be worse off, since they would have to pay a higher price. Buyers who bought more than one car would be better off than if they bought only one car at the new price (otherwise that is what they would have done) but not necessarily better off than if they bought one car at the old price, an option no longer open to them."Substitute "houses" for "cars" and you have your answer. I met someone recently who told me that he had actually bought about 15 houses. Who benefits from these arrangements? Bankers, who else!
The greater numbers of single people also drive up prices for pretty much everything, as I've explained in a previous article. They also drive down wages.
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