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“Of course it is a complex issue on how to address this — what mixture of regulation and free market solutions best serves people -- and I think the authors lan
by bradleyjg 8y ago
“Of course it is a complex issue on how to address this — what mixture of regulation and free market solutions best serves people -- and I think the authors land in a position that is more in favor of regulation.”
The interventions we already have are largely responsible for the problem in the first place. Governments intervene massively to increase the cost of housing as a backdoor give-away to incumbent homeowners.
Doubling down on intervention will not work because there are diametrically opposed requirements—-politicians want high and monotonically increasing home prices but low and stable rents.