Rents in Paris approach Bay Area level, see per m2 rent or real state prices in common rental sites: www.pap.fr https://www.seloger.com/ https://www.seloger.c

Rents in Paris approach Bay Area level, see per m2 rent or real state prices in common rental sites: www.pap.fr https://www.seloger.com/ https://www.seloger.com/ Government regulations protecting small group of people and vested interests at costs to most other residents have contributed to this. The government is omnipresent. It restricts the supply through various mechanisms among which are these regulations, and subsidizes the demand. The result is skyrocketing rents and prices. With Bay Area rents and low wages, I asked colleagues how people afford their lives in Paris. Apparently, people share, have inherited apartments, use government assigned buildings etc. French might benefit from a healthier more rational (rather than idiological) look at the market economy vs central planning. Note: I know this view is not politically correct and popular in EU, but I thought I would mention it nevertheless. Replacing textbook economy with ideology won’t be beneficial for French. At least listen to what your Nobel prize winners in economy and experts in policy are saying (Tirole etc).