[digitaltrees]

> Any house...not renovated..is unmarketable.

Only because there is (i) enough modern housing stock (with safety reg compliance) to provide other options, (ii) knowledge sufficiently available for the public to know the difference, (iii) strict and consistent enforcement to over come the collective action problem.

I would welcome any evidence or analysis showing a free market would create sufficient incentive for home builders and landlords to voluntarily adopt this level/kind of fire or personal safety standards. To me the market would clearly incentive most structures be build at the lowest cost. I would gladly stand correct, I don't have enough knowledge to know what the facts would support.