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by dogma1138 3928 days ago
They also need a sustainable pension and savings plan, if you divert too much taxes out of that you'll end up actually needing that care much more than you think.

Some of those systems don't work in the long run, the rent control in Sweden results in each available apartment getting thousands of requests with people actually waiting decades to get an apartment, and this isn't some low income housing this is just because the majority of the apartments in places like Stockholm are rent controlled and managed by the government.
1 comments
tormeh 3928 days ago
Rent control, and price controls more generally, are stupid. It doesn't solve the problem of demand being far higher than supply, which is why it never really works.

I just get sad every time I see it.

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hwstar 3927 days ago
In the UK, there is Council Housing, this may be a good alternative to rent control because it provides housing at a nominal cost and gives the private landlords some competition. The only problem with this type of offering is it will stick in the craw of the American psyche who abhor the government competing against the private sector.

Rents do get bid up due to things like the minimum wage rising. This is because the power relationship between landlord and tenant is heavily skewed in favour of the landlord. The employee/employer relationship also suffers from the same disease.

Disclosure: I'm a US/UK dual citizen, and a landlord myself.

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13thLetter 3926 days ago
"because it provides housing at a nominal cost and gives the private landlords some competition."

Sincere question as I don't know much about the UK rental market: why aren't the private landlords in this segment of the market competing with each other? Is it difficult to build additional rental housing cheaply enough?

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