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by ryathal
721 days ago
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It could work with abundant housing, say 20% more housing than the number of people that want to live there. If there's always a lot of empty units, landlords are encouraged to reduce rents to not be stuck with too many vacancies. Rents can go up so much now because there are more qualified applicants than units. That number likely requires about 200% more housing in large cities, which is unlikely to ever happen. |
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