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Price caps can't work. If the cost of an item is greater than the price, people will stop producing it. There will be no incentive to increase the supply. You g
by Houshalter 9y ago
Price caps can't work. If the cost of an item is greater than the price, people will stop producing it. There will be no incentive to increase the supply. You get shortages and bread lines. Other factors instead of money determine what you can buy (are you a friend or family of the landlord?) Some economists theorize that price caps lead to the decline of the Roman empire.
Instead just let the market work. We can build much denser and cheaper than we currently do, and housing will become much more affordable. The price of food has fallen drastically over the last century and is only getting cheaper. Utilities are monopolies with no competition at all.