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by kar5pt
1906 days ago
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Yeah, property _ownership_ not property renting. They work differently for a reason. When housing prices rise, owners are incentivized to sell. When rents rise on rent controlled buildings, renters are incentived to stay put, even if they don't need the space. This incentivizes building owners to not maintain the buildings since they know renters won't leave anyway. There's tons of ways to make housing affordable without resorting to policies that have been rejected almost unanimously by economists. |
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