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A comment on Rent controls have split housing in Berlin into two distinct markets. Parent comment

Re:Rent controls have split housing in Berlin into two disti... by krcz on Tuesday March 02, 2021 @11:52AM (#26317302)
When the price explodes, bakers may hire more people and bake bread during night and day, increasing the supply.
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Re:Rent controls have split housing in Berlin into two disti... by sudosysgen on Tuesday March 02, 2021 @12:38PM (#26317907)
Yes, they do this even if the price only goes up 3-4x, it's not needed for the price to increase thousandfold.

Also, this doesn't really apply to housing.

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Re:Rent controls have split housing in Berlin into two disti... by krcz on Tuesday March 02, 2021 @04:52PM (#26321419)
I fully agree, thousandfold price increases would suggest that processes that control prices in free market system had become unstable. In such cases I'd agree with state intervention. Fortunately it doesn't happen that often.

> Also, this doesn't really apply to housing. Correct, it's more complex there and some of the reasons are mentioned in the article.

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Re:Rent controls have split housing in Berlin into two disti... by La1n on Tuesday March 02, 2021 @01:05PM (#26318275)
And Berlin needed rent control exactly because this didn't happen.
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