Comment by WalterBright
Comment by WalterBright 4 days ago
Return to free markets in housing.
Comment by WalterBright 4 days ago
Return to free markets in housing.
Rent control making creating more rental units unprofitable. Zoning laws that prevent housing density.
Those are the result of a free market. Zoning laws are the results of participants in a free market protecting their investments. Even in the absence of a government (if functioning markets could exist in such an environment) with which to create such laws, people would find other ways to do it. Rent control comes after rents in the free market have already increased to the point where people create political pressure to make these policies (if it's not the result of lobbying by investors).
You could temporarily make the situation better by getting rid of these laws and regulations, but over time they would just come back because in a free market the players that get such policies implemented get richer and win.
Got anything more specific than cliches? For example, do you have any examples of this demonstrably making housing more affordable (ie lowering housing costs as a percentage of income) at scale?