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by obelos
814 days ago
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Much like the frequently vilified HF trader, the value that landlording adds to the economy is liquidity. What do these managed housing schemes provide when, for example, a household breaks up? Or two households want to merge? Or even when a household wants to move across town to be closer to work? If you have ~100% utilized housing, the only way this gets addressed is with elaborate queuing. The liquidity that an open rental market offers comes at a cost, and it's very worthwhile to interrogate that cost and seek to mitigate it because it mostly translates into homelessness. But the managed housing market / absolute rent control approach doesn't seem to have an answer to the liquidity problem, which also demands interrogation. |
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