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by thegrimmest
1607 days ago
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Even in the Latin American way, surely there are people who can afford more than one house, and decide to rent out the surplus? But I agree that regulatory overhead in housing construction is very high, and this contributes to the cost of housing. The favelas in Latin America, whose property are they actually built on? |
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Sure, I don't really have a problem with landlords benefitting from investing into a house and renting it. I'm kind of with Adam Smith on the problems of rent-seeking of the value of the raw land, but I'm not sure a better system than private property can be found for dealing with that.
> The favelas in Latin America, whose property are they actually built on?
Maybe somebody elses, maybe nobody's, maybe their own? I have no idea. If you aren't discriminating you can build a house brick by brick anywhere until someone with guns or a sledgehammer makes you stop, be it a land owner, gangster, government, whoever. I'd be interested in knowing myself.