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Rent seeking behaviour causes prices to rise making the market inaccessible to homebuyers. Making property less attractive as an investment should help curb thi
by galvin 7y ago
Rent seeking behaviour causes prices to rise making the market inaccessible to homebuyers. Making property less attractive as an investment should help curb this tendency.
- bubblewrap 7y agoPeople being willing to pay high prices to live in Berlin is what causes prices to rise. It has been a popular place to live in for a while. Rent freeze will limit available housing and lower the quality of it.
- jaredklewis 7y agoSure that argument makes some sense, but my comment was in response to the claim that the main issue is illegal hotel businesses. If that is the case, If don't see how this law can't make that problem worse. If it is attractive to investors to run illegal hotels now, it will only become more attractive to do so once they are unable to raise rents on normal tenants.