Hayoung Lim, Chapter 7, Question 7

Something that stuck out to me when reading Chapter 7 was the idea that there is virtually no chance of getting an amazing deal such as the Brownstone listed for 250,000 when its worth 500,000. I had always though that with a free market I was fortunate because I love to try to find crazy deals online to get the same items for as cheap as possible, but reading this portion of the the chapter has made me question if this is a reality. It makes seems obvious when he explains that we are trying to maximize our own utility and so is everyone else, which is why bargains like that do not exist. This equal amounts of pull by all people in the market makes for things to always ends up moving to fixed equilibrium. It is amazing to me that with a free market prices can level out to match the supply and demand. Though it is worrying what controlled pricing done by floors and ceilings can effect the market.