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Several people have commented about a "housing queue". In much of the USA, we have a mechanism that matches the supply of goods and the demand for those goods,
by stefan_kendall3 12y ago
Several people have commented about a "housing queue".
In much of the USA, we have a mechanism that matches the supply of goods and the demand for those goods, such that there is never a shortage or surplus without externalities.
Funny how you can't legislate away the laws of economics.
- alkonaut 12y agoSadly, you can't legislate away the fact that there are always people who have less money. Last I checked, the possibility of getting a rent-controlled apartment in NYC was about the same as it is in stockholm (where you could argue that almost all apartments are rent-controlled). Even with market rents (which will come sooner or later), you won't find an apartment to rent because no one would build them (more profitable to build to sell, plus there is barely any place to build left in the central city). The law was recently changed so you can charge the true cost (including interest rates) when subletting, meaning that there is now a market for subletting apartments that uses market pricing more or less.