Cash rules everything around me: in defence of housing markets

Abstract I argue that alienation objections to housing markets face a dilemma. Either they purport to explain distributive injustices, or they hold that markets are objectionable on intrinsic grounds. The first disjunct is empirically dubious. The second undermines the motivation for objecting to housing markets, and overgeneralizes: if markets are objectionable due to alienation, so is all large-scale social cooperation.