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by sofixa
995 days ago
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> The dumb thing is that the market WOULD solve the problem if it was allowed to Not only do you not have a way of knowing that for sure, history would indicate otherwise. Housing is fundamentally a good with limited elasticity, therefore the market on it's own without a good dose of regulation could easily become disastrous. For a historical parallel, take a look at what happened in industrialising countries when the market was the one making decisions about housing where it was needed (next to the newly appearing factories/otherwise urbanising areas). The result was people living in horrifically cramped and squalid conditions (alongside other fun ones such as company towns) which was literally one of the main inspirations for socialism and communism. Regulations on housing are a must, but their impact needs to be carefully managed and offset with appropriate incentives, policies and subsidies to make sure housing is of good quality (nobody should live in asbestos and lead paint filled pods under a highway next to a chemical factory) but abundant. |
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