4 ms·
OTOH continental Europe seems to be more prone to try to solve housing affordability with rent control, which basically results in NIMBY through the perverse in
by jbellis 3y ago
OTOH continental Europe seems to be more prone to try to solve housing affordability with rent control, which basically results in NIMBY through the perverse incentives it imposes.
- rrrrrrrrrrrryan 3y agoIIRC Spain's rent control is just 5 years, which means that building newly required density is delayed by 5 years at most. It's a nice stabilizing mechanism because nobody wants to move every year just to get the best rent, but most people can handle a move every 5 years.