[gingabriska]

I must ask, does Paris or Luxembourg has slums like Mumbai has? Higher prices doesn't stop people below poverty line from coming to Mumbai and living below the standards here.

[barry-cotter]

No, in part because they don’t have rent control that has frozen rents since 1947 or urban planning laws which make building densely illegal.

https://marginalrevolution.com/marginalrevolution/2017/04/tw...

https://mru.org/courses/principles-economics-microeconomics/...