3 ms·
Yes rents can go down if demand drops, but if you scale over a period longer the trend is always upwards. So short term drops and spikes will happen due to po
by Zenst 10y ago
Yes rents can go down if demand drops, but if you scale over a period longer the trend is always upwards. So short term drops and spikes will happen due to population shifts. When demand low, building new places stops until it catches up again.
But excellent comparison with communism and indeed that is comparable upon many levels. Though more niche in this aspect it still falls within that stable of thought.
As an aside the only example most people aware of in which communism style approach works would be the Star trek universe. Which only add's fuel to the old saying "money is the root of all evil".
Certainly be interesting how this pans out and I'm mindful that if this was a whole country taking part that the true effect would take a few decades to get a true picture of the impact. With many aspects coming into play and let us not forget economic migration and with Finland part of the EU Schengen project then that aspect might be more impacting than envisioned. After all look at Spain and the UK free access to health care and how that is impacted by free movement, certainly not inconsequential.