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It's more todo with the interplay between a broken (regulated) rental system and a subsequent need for owning instead of renting. One idealogical group thinks
by hurril 4y ago
It's more todo with the interplay between a broken (regulated) rental system and a subsequent need for owning instead of renting.
One idealogical group thinks that if we have artificially low prices on rental properties, then we can have access to cheap living when we need it. But what ends up happening is that people keep these contracts (often renting them out, second hand.) So the regulation actively hinders access to cheap for-rent apartments instead.
This means that all of us have to buy instead of rent, causing a much higher demand in this market.
And the second hand for rent market is also a lot more expensive than the regulated prices to boot.
So no one can afford anything as a result. Without support from huge loans and/ or rich parents and/ or having bought and sold apartments, riding the wave up in prices.
I personally entered late so had to save tons of money and in-debt myself to afford a place. All because one idealogical side has this misguided sense that this regulation somehow exists to help _me_. Me being someone that moved to an urban area for work. Now these same people somehow feel resentment in that I own something expensive that they don't, and that this provides me access to all this printed money. As if I'm not indebted up over my head just to have a decent place to live. It's really stupid.