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> If we made it much much easier to build housing then then rental housing market would be like the used car market: viable but not an easy place to sit back an

by gnull 4y ago

> If we made it much much easier to build housing then then rental housing market would be like the used car market: viable but not an easy place to sit back and make passive income. You're overthinking it. Sweden made renting out apartments unattractive without all this sophistication, they just regulate the prices and keep them low.

didgeoridoo 4y ago
…and has consequently created a housing shortage so severe that their decade-plus waiting list was at one time being considered for the Guinness Book of World Records[0]. Price controls leading to shortages and rationing is basically the microeconomics version of the First Law of Thermodynamics. It has had the same result literally everywhere it has been tried. The solution lies in the supply. Always. If you want more people to have more of something at an affordable price, you have to make more of that thing. [0]: https://www.bbc.com/worklife/article/20160517-this-is-one-city-where-youll-never-find-a-home https://www.bbc.com/worklife/article/20160517-this-is-one-ci...
- gnull 4y ago
  Totally agree. My previous comment was sarcastic, of course.
astrange 4y ago
Don’t Swedes just rent them out on the black market instead? They also can’t seem to get a sufficient supply of washing machines and instead have a laundry bureaucracy.
- cinntaile 4y ago
  > They also can’t seem to get a sufficient supply of washing machines and instead have a laundry bureaucracy. Sounds like you're just ill-informed? There are shared washing machine rooms in a lot of apartment complexes, although it is getting more rare in newer apartment complexes. You can usually book a slot and then you do your laundry. There is absolutely no shortage of washing machines though.
- gnull 4y ago
  > Don’t Swedes just rent them out on the black market instead? They do (with obvious drawbacks of anything illegal). And the black market prices are awfully high.
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by gnull 4y ago

didgeoridoo 4y ago

…and has consequently created a housing shortage so severe that their decade-plus waiting list was at one time being considered for the Guinness Book of World Records[0]. Price controls leading to shortages and rationing is basically the microeconomics version of the First Law of Thermodynamics. It has had the same result literally everywhere it has been tried. The solution lies in the supply. Always. If you want more people to have more of something at an affordable price, you have to make more of that thing. [0]: https://www.bbc.com/worklife/article/20160517-this-is-one-city-where-youll-never-find-a-home https://www.bbc.com/worklife/article/20160517-this-is-one-ci...

gnull 4y ago
Totally agree. My previous comment was sarcastic, of course.

astrange 4y ago

Don’t Swedes just rent them out on the black market instead? They also can’t seem to get a sufficient supply of washing machines and instead have a laundry bureaucracy.

cinntaile 4y ago
> They also can’t seem to get a sufficient supply of washing machines and instead have a laundry bureaucracy. Sounds like you're just ill-informed? There are shared washing machine rooms in a lot of apartment complexes, although it is getting more rare in newer apartment complexes. You can usually book a slot and then you do your laundry. There is absolutely no shortage of washing machines though.
gnull 4y ago
> Don’t Swedes just rent them out on the black market instead? They do (with obvious drawbacks of anything illegal). And the black market prices are awfully high.

deleted 4y ago

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