2 ms·
If it weren't legal, we'd instead just see deals like this go to friends/family of the owner, or the payment would be under-the-table instead of an upfront brok
by paulgb 3y ago
If it weren't legal, we'd instead just see deals like this go to friends/family of the owner, or the payment would be under-the-table instead of an upfront broker's fee.
- wordpad25 3y agoYou could make the same argument about any law. Why don't we just make murder and rape also legal to better track it?
- paulgb 3y agoMy point is not that it should be legal (as an NYC renter I’d be glad to see a cap on broker’s fees), but that we shouldn’t delude ourselves into thinking that artificial price ceilings would work if only we plugged one last loophole. For every loophole you plug there are two more. This is not true of, say, murder! Whenever we artificially manipulate the market with ceiling prices, it necessarily means there will be some demand unfulfilled. A better approach is to build enough housing to satisfy the demand.
- mistercheph 3y agoElect this man immediately!