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by kmmlng
1892 days ago
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The issue with an approach like this is that it's merely fighting the symptoms of the underlying problem. The underlying problem is that you have more demand than supply and something is preventing the market from rectifying this problem. Capping rents can only make the underlying problem worse, because there is now less incentive to create new housing. Now, of course, you might say the thing that is preventing the market from rectifying the situation is that there simply isn't enough space. And that is partially true, there are real physical limits here. But it's not like Berlin is a super high density city, so I find it hard to believe that we're anywhere close to reaching those limits. |
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