Re:Europe embraces rent controls, a policy that never works
by nerfhammer on Friday July 26, 2019 @10:00PM
(#20539913)
supply is how much of a thing is available to be had; demand is how much people want that thing. If there isn't much of a thing and people want it a lot, it will be difficult to get. Acting offended at the reference to the existence of these variables does not eliminate their effects.
Re:Europe embraces rent controls, a policy that never works
by omegaworks on Wednesday July 31, 2019 @01:35PM
(#20576455)
>Acting offended at the reference to the existence of these variables does not eliminate their effects.
That you take my statement of fact as an expression of offense speaks to your limited understanding of the qualitative aspects of housing.
The economic theory alluded to doesn't take into account intangible factors like community cohesiveness, economic precarity and the effects of that on mental health. These things are real and have an impact on the wellbeing of residents.
Housing security is the foundation on which an individual's ability to produce and prosper is based. Housing isn't a commodity to the people living in it and economic theory that reduces the complexities of housing to market-based supply and demand are intentionally selling a value system that prioritizes the transfer and accumulation of capital above all other needs.