2 ms·
> The problem is that basic necessities have been turned into a profit-printing machine and you pay 2K a month for a 500 square feet apartment in London. Ther
by dmix 4y ago
> The problem is that basic necessities have been turned into a profit-printing machine and you pay 2K a month for a 500 square feet apartment in London.
There would be significantly more profit (and tax revenue) if it was possible to build more housing in London.
Although artificially constraining supply and reducing competition has contributed significantly to the problem of there being a few big winners vs a broad set. So it's still relevant.