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The truth is that the existing system with regulated market prices ensures that ordinary people can save some of their wages and spend it on things like summer
by jamesblonde 7y ago
The truth is that the existing system with regulated market prices ensures that ordinary people can save some of their wages and spend it on things like summer houses and holidays. As soon as you go fully private, rental prices double and all of that profit goes to a 1% who own housing. Of course, there is a narrative here that we have to abandon the regulated rental market - driven by that 1%. Then ordinary people, excluded from the regulated rental market because they have to wait 20 years to get the place they want, gang up with the 1% - which is insane! The truth is you can get a regulated rental appartment within 6 months if you take it in a crap neighborhood. But, everyone wants to live in the same places, and demand is high. So, the regulated market makes you queue - based on your waiting time, not ability to pay. There is, of course, a huge private ownership market, but prices are very high.