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This is why regulation of housing introduces more nightmares than it solves. Rent control eliminates used inventory. Building regulations limit new inventory.

This is why regulation of housing introduces more nightmares than it solves. Rent control eliminates used inventory. Building regulations limit new inventory. Solve it by changing the laws to allow new buildings of all sorts, especially very small and cheap apartments. And by getting rid of rent control.

giansegato 6y ago
So much yes. The only way to actually fix the housing market would be to just… build more houses. Increase the supply, put market pressure to the existing rents, and prices will go down eventually. The problem is that it's a rather long-term cure, and I don't know if there's enough political capital for this. It will probably be there soon, considering how big they screwed up this time around