I came across an interesting video on space saving furniture. At 2.45 the salesman points out that his furniture can allow you to live in a smaller apartment, presumably making a more desirable area affordable on a given budget.
Does Ricardo's Law not apply to space as well as rent? If, by using space-saving furniture, three people can afford to live an apartment that would otherwise only be big enough for two, is that not likely to push up the cost of those apartments, thereby rather defeating the object of the space-saving furniture?
Debate Magazine
