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> In an unregulated market, you can always just outbid someone else for a rental Until you have to actually pay the rent you bid. > if supply doesn’t match d
by HWR_14 4y ago
> In an unregulated market, you can always just outbid someone else for a rental
Until you have to actually pay the rent you bid.
> if supply doesn’t match demand, you just go homeless
This is true in both situations. Only in the second case instead of whatever rich asshole wants to move there getting the rental, the people who have lived there for decades already do.
- seanmcdirmid 4y agoYes. The second case makes rentals illiquid to the benefit of current residents. But then, why would anyone dare move to a city like that? Again, that’s what I experienced (the inability to find housing) and that’s what I don’t want to experience again. Now take those decisions en masse: you want a city with a healthy economy, but the city is now stuck since it’s labor resources become illiquid along with its rental market. Now, some people want that, but HN readers (I think?) will be biased towards vibrancy.
- HWR_14 4y agoI don't see how vibrancy is the opposite of illiquidity.