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I don't understand why houses should be excluded from the capitalistic process; If councils were doing their job and permitting sufficient housing construction,

I don't understand why houses should be excluded from the capitalistic process; If councils were doing their job and permitting sufficient housing construction, then high prices = more housing = everyone is happy. I'm no expert on Amsterdam, but checking your last article mentions rent control; why would property developers bother building new housing when the returns are artificially deflated by government action? This is precisely the problem with regulations, they damage price signals. It would not at all surprise me if the government is in part causing all of these problems. I will also note that housing being expensive in a large, popular city is basically the case the world over, and I suspect tourists are just an easy scapegoat to deflect blame from policy failure.

jacquesm 5y ago
Because housing is a human right.
gkya 5y ago
> I don't understand why houses should be excluded from the capitalistic process Because it sucks and nothing should be included in it.
unionpivo 5y ago
> I suspect tourists are just an easy scapegoat to deflect blame from policy failure. There was a policy failure, in allowing Airbnb to run huge unlicensed hotel business. This policy is addressing that. They didn't stop Airbnb from operating, they just made sure that they operate more in line like other hotels. This will in turn enable them to make sure that the tourist flow is sustainable, by raising or lowering tourist taxes on such rentals.