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by vouwfietsman
1332 days ago
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If done in the short term (years), wouldn't this just cause inflation and landlords will happily follow that inflation with higher rents... As long as a good is scarce and controlled by the market there is no reason for the situation to improve for people who want that good. Thats why housing should never be part of a market, because people don't want houses, people need houses. |
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I don't understand this at all.
A market is designed to solve the problem of allocation of resources (think: scarce).
Can you state your non-market proposal to provide housing (in economic terms)? Sorry, but the idea of managing allocation of resources without a market is very foreign to me. I just don't know what you're proposing, and I can't imagine how it would work.
Separately - not much talk about the importance of location. NYC housing is expensive... why live in NYC?