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A realistic way to manage this demand issue has two options: build more units (can’t go on forever), or stabilize the population. Else, you double bunk or trip
by mc32 5y ago
A realistic way to manage this demand issue has two options: build more units (can’t go on forever), or stabilize the population. Else, you double bunk or triple bunk like in Soviet times. You can’t magically solve a shortage via price controls.
- Retric 5y agoPopulation doesn’t grow that fast, you can build enough to keep ahead of the curve for a long time especially if you keep zoning in check. What nobody mentions is the real reason rents go up is an oversupply of jobs in the area vs housing. Keep the housing to office space ratio reasonable and rents never explode, except that shifts costs to business rather than individuals.
- luckylion 5y ago> Population doesn’t grow that fast You can't really look at country-wide population though. The population of e.g. Germany is pretty stable, but within Germany there's a lot of movement with people moving to the large cities. Rent is rising in those cities, while it's getting lower and lower the further you move from those cities.
- aidenn0 5y agoI think GP was suggesting that if you limited office space in the large cities, businesses would be priced out, which would reduce demand on housing.