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Not sure what is too simple or incorrect... Prices are skyrocketing (even if using a 'loophole') because that's what the market can bear. There is high demand a
by mytailorisrich 2y ago
Not sure what is too simple or incorrect... Prices are skyrocketing (even if using a 'loophole') because that's what the market can bear. There is high demand able to pay vs. restricted supply. And, again, rent controls are not going to solve the underlying issue because they factually always do the opposite of what is needed to bring inflation down.
Rents are always going to be expensive in top tier cities, and supply always restricted anyway. So perhaps this are simply the real market prices without rent controls...
- Arnt 2y agoThere's high demand now but a new building has to earn its keep for many decades. They're skyrocketing because of x, and x is because of y, and y is… the ultimate reason is that too little is being built. AFAICT too little is being built because while it's easy to find tenants for a new building now it'll probably become difficult within the lifetime of a new building.