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A comment on Foreign purchases of American homes plunge as Chinese buyers flee the market. Parent comment
Preventing people from making money by investing in real estate just means housing shortages are less effectively filled.
That's essentially what rent control does, and economists are almost unanimous about the harm it has done to housing affordability:
https://www.econlib.org/library/Enc/RentControl.html
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Preventing people from making money by investing in real estate just means housing shortages are less effectively filled.
That's essentially what rent control does, and economists are almost unanimous about the harm it has done to housing affordability:
https://www.econlib.org/library/Enc/RentControl.html