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by refurb 2654 days ago
Problem is, every “tweak” of the market causes ramifications, often unintended.

A great example is rent control. Sure it helps current tenants, but it distorts the rental market such that it disincentivizes putting new homes on the market, and the exact opposite of what you want - higher rents.

1 comments

Higher rents and cheaper houses because they are being sold to the people who want to live in them rather than to someone who already has 5 houses.
Or you know, you could just build more housing.
The people hoarding empty houses will do anything they can to block this because it drops the value of their houses which they only own to sell at a higher price later