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Rent control is a two-edged sword. Does some good, does some bad. Not much is said, but globalism, facilitated by the internet, is a factor driving up house pr
by tharmas 3y ago
Rent control is a two-edged sword. Does some good, does some bad.
Not much is said, but globalism, facilitated by the internet, is a factor driving up house prices. In Vancouver, Canada, they built a lot of condos but the majority of the stock was bought up by overseas residents. In many cases the condos weren't even advertised for sale in Vancouver for locals to buy.
The internet has made it easier for investors to obtain information about potential "investment" properties.
If you are going to build more homes you need to make them available to locals only. I'm sure present (globalist) trade treaties forbid such things.
Another possible solution is for the government to build rent to own housing at an affordable price. That's effectively public housing which has its problems too. Also, I suspect there are trade treaties that prevent that from happening too.