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You can have competition among landlords but you can't provide the key ingredient of which there is fixed supply - land. No more land + people moving in = price
by snidane 6y ago
You can have competition among landlords but you can't provide the key ingredient of which there is fixed supply - land. No more land + people moving in = price only goes up.
> The flat I just started renting a few months ago was priced on supply-and-demand, not on how much I earn (otherwise the landlord did a pretty terrible job of gouging me because relative to my income I got a good deal).
A single example doesn't prove or disprove anything. You haven't mentioned cases for example of many others who are living on level of bare sustainability in the same city. You cannot apply micro analysis to understand this problem by citing individual cases. You need macro analysis for this.
Zoning is not enough of a solution because it doesn't deal with the underlying problem - city land supply.
Maybe tech workers will no longer need to live in the cities after covid crisis. That still doesn't make it a casr for the rest of the society and cannot serve as a basis for ignoring the issue.
Cherry-picking only some monopolies which are currently under scrutiny doesn't fix the problem either. Land monopoly is the biggest one out there and is not mentioned. Fixing the others without considering this one is merely applying a bandaid on a blister while the patient's artery is bleeding.
- fastball 6y agoThe nice thing about land is that modern technology allows you to stick more than one person on a piece of it. The land supply is finite. Housing supply is not.