I agree that it not a completly free market. To be completely free there
need to be an infinate number of buyers and sellers.. However the supply is
clearly limited (based on what the community wants) and the price should be
left to market dynamics IMHO.

Personally I would suggest to anyone living in MA that they move if flying
is an important part of their life.

Mike
MU-2


"Bob Noel" wrote in message
...
In article , "Mike Rapoport"
wrote:

It's not free supply and demand when the supply is artificially
restricted. Thus the concept of "market rent" doesn't make sense.
In the true supply and demand scenario, increased demand would
increase supply. That isn't possible (a fact you recognize below).

What would you do with real estate in general? Supply is artificially
restricted because there are parks and other open space. There are
undoubtedly people who say the the price of housing is too high because
the
supply of land is artificially restricted by airports.

well, if we want to be ridiculous, we could claim that all land use
is restricted because the earth is limited in size...

What percentage of buildable land (for homes) is held in parks and
open space?

What percentage of buildable land (for hangars) is held hostage
by airport "managers" or by anti-airport NIMBY goons?

--
Bob Noel