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I must ask, does Paris or Luxembourg has slums like Mumbai has? Higher prices doesn't stop people below poverty line from coming to Mumbai and living below the

I must ask, does Paris or Luxembourg has slums like Mumbai has? Higher prices doesn't stop people below poverty line from coming to Mumbai and living below the standards here.

barry-cotter 7y ago
No, in part because they don’t have rent control that has frozen rents since 1947 or urban planning laws which make building densely illegal. https://marginalrevolution.com/marginalrevolution/2017/04/twisted-tale-rent-control-maximum-city.html https://marginalrevolution.com/marginalrevolution/2017/04/tw... https://mru.org/courses/principles-economics-microeconomics/rent-control-mumbai-india https://mru.org/courses/principles-economics-microeconomics/...