Re:Stanford paper says rent control is driving up cost of ho...
by mjevans on Monday January 08, 2018 @05:18PM
(#16101274)
The major issue is that the market is NOT free. This market can't ever be free. There are building codes, zoning, planning, approvals, etc. All of that red tape related to building the level and quality of housing that an area needs already distorts the market.
Thus the underlying issue is that there has not been proper correction and guidance from the governance structures established by the people in the area; mostly because the rising home prices and status-quo of neighborhoods generally benefit those people.
It's going to take state or federal level correction to fix this issue and the "best" way of doing that would be to sour the use of housing as an investment.
Thus the underlying issue is that there has not been proper correction and guidance from the governance structures established by the people in the area; mostly because the rising home prices and status-quo of neighborhoods generally benefit those people.
It's going to take state or federal level correction to fix this issue and the "best" way of doing that would be to sour the use of housing as an investment.