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by torben-friis
2 days ago
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>Is this a creative way of arguing that landlords are a net loss for the country? Not landlords as a general concept, but there are many categories that are: - Investors buying areas in bulk to monopolise available living space and manipulate prices - Demand of renting space by investors making purchases unaffordable - Temporary living space (Airbnb, etc) removing long term residence offer. - Foreign investors exploiting living space from abroad, since the money extracted from rent will not be reinvested in the country. The usual free market response to this is "more offer will even out demand". But there's lots of obstacles to this in real life. Regulatory capture, high upfront costs that limit builders, near inhexaustible demand by investors and tourism, etc. |
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