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by obelos 814 days ago
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.