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Yes there is. You _build_ more so that prices go down. It’s baffling how much “adding more housing” is always a non starter solution. Everyone seems to underst
by nemothekid 7y ago
Yes there is. You _build_ more so that prices go down.
It’s baffling how much “adding more housing” is always a non starter solution. Everyone seems to understand that if flood the market with something like diamonds then the prices of diamonds will go down, but when it comes to housing then basic economics go out the window.
Rent control is an incredibly pro-landlord policy. In high growth cities, land owners can simply sit on property, never invest in that property (they don’t have to compete) and simply watch their value skyrocket as they never have to worry about new supply driving the market down.
- zwaps 7y agoHigh price demand is filled before low price demand. In the context of limited space and inability to, say, build high (as in Berlin), what you propose could literally mean that there is no housing for the poor.