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1. What's your point? 3. Sure it can. You can have a market governed by supply and demand. Lots of demand? Price increases. Price increases? Incentivises suppl
by IkmoIkmo 5y ago
1. What's your point?
3. Sure it can. You can have a market governed by supply and demand. Lots of demand? Price increases. Price increases? Incentivises supply. More supply? That's great, it addresses the scarcity and prices will follow-suit.
Poor people priced out who have a right to housing? A rental cap is an intervention that directly impedes the free movement of the price up to a hard cap.
But a housing subsidy for low-income individuals, i.e. more money to spend on housing, does not change the fact that the market is still governed by supply and demand.
Housing prices with rent subsidies can still go up and down depending on demand. But the government taxes the rich, and redistributes money to the poor, allowing their purchasing power in the housing marketplace to be more equal than solely based on their own income.
This, combined with proper zoning laws (set more at a federal level to override local NIMBY powers) and limited red-tape, to allow construction levels to respond to increased prices and actually generate adequate supply, is a market-based system where the poor are getting their right to housing.
What's the alternative?
Besides, there's more housing than ever. The right to housing cannot be spoken about without also saying 'in particular places'. The average household size (people per house) has dropped every decade for a century, and the average home size has increased every decade for a century. The square foot per person has been growing and growing. Whatever housing crisis people talk about, they tend to completely ignore location. Yet you'll find plenty of people who speak about a right to affordable housing in NY or SV when it's a place where incomes are at the top 0.1% worldwide and there's easily 10x as many people (in the country, and 1000x worldwide) who want to live in such cities at an affordable price than there are homes to live. It's impossible to provide a right to housing to all in those locations with any policy anyone on any part of the political spectrum can think of.