[robertlagrant]

The reason for this could be a lack of people coming into the country that need a home. If the number of people entering a country is minimal, the demand won't go up, and almost everyone can afford a home. If there are far more people entering then homes get chopped up into apartments and each rented out for the same price the whole house would've been rented for a few years ago. Landlords in this situation are just adjusting the supply to meet the demand, and to be honest doing a better job than, say, the UK government, who just pay taxpayer money to hotels and stick people in them.

[pacifika]

I’d have thought the pressure of immigration on housing needs is lower than the pressure of centralized wealth creation? I have no sources just an intuition. London and Amsterdam are a good example of this

[aden1ne]

Huh? I'd have said Amsterdam is actually a real good example of immigration driving up rents. When covid happened, Amsterdam rates actually went down, whereas they kept going up in the rest of the nation. Why: the expats stopped coming.

[robertlagrant]

What is centralised wealth creation?