3 ms·
Well yes, but it's not the only requirement. More important is that the market is competitive, i.e. that there is enough supply. And that is the dominating prob
by misja111 6y ago
Well yes, but it's not the only requirement. More important is that the market is competitive, i.e. that there is enough supply. And that is the dominating problem in most big cities, there are just not enough houses available.
Given a non properly functioning market due to lack of houses, it might be a good idea to introduce regulation to shift the consequences of the imbalance to those who can bear it the easiest.
- JAlexoid 6y agoNo way! The same people who demand rent controls, then turn around and demand that no new housing is built in their area. Then they moan about low salaries, because Google's and Amazon's aren't bringing in the high paying talent to their cities. People like that are architects of their own demise. Out of personal experience - rent control, development ban and anti-gentrification advocates are xenophobes that just hate the world changing around them. I've been on the receiving end of these policies, as I moved around EU from Lithuania. These people just hate anyone messing with their vibe.