2 ms·
>"Vienna provides an interesting counterpoint. Because rent control disincentivized the private development of rental buildings, landlords were, for a time, re
by peter_d_sherman 6y ago
>"Vienna provides an interesting counterpoint. Because rent control disincentivized the private development of rental buildings, landlords were, for a time, removed from the market for urban land. Consequently prices finally went down, allowing the city to buy land at a much reduced price; often it was the only buyer in the market."
PDS: An interesting cycle (or set of cycles) of cause and effect...
Disclaimer: I am neither for nor against rent control...