Re:I Beat the Berlin Rental Market with a Python Script
by peter_d_sherman on Friday April 02, 2021 @07:15AM
(#26670514)
>"Berlin has a massive undersupply of housing — a widespread phenomenon in western cities.
Usually, this means that prices tend to increase. That’s what used to happen in Berlin too. Then, a couple of years ago, the city municipality passed a controversial rent control policy that prevents price increase for at least 5 years.
It was a very bad idea: the market completely froze and became illiquid.
Housing supply contracted (instead of expanding), due to lack of financial incentives."
PDS: I've seen this exact same effect before, in other housing markets...
Also, a psychological observation:
Once people who have had a housing problem in the past find an adequate housing situation for themselves, they, not seeing housing as a problem anymore, are no longer inclined to vote for the politicians and/or public housing policies that would help large amounts of other people with their housing problems...
Housing, that is, getting the issues around housing exactly correct from a law/government/macroeconomic/public policy perspective -- with a rapidly expanding world population and many homeless people in the world's cities -- is, or will be, I think, as future historians look back in time:
One of the defining issues of Earth's 21st Century History...
Usually, this means that prices tend to increase. That’s what used to happen in Berlin too. Then, a couple of years ago, the city municipality passed a controversial rent control policy that prevents price increase for at least 5 years.
It was a very bad idea: the market completely froze and became illiquid.
Housing supply contracted (instead of expanding), due to lack of financial incentives."
PDS: I've seen this exact same effect before, in other housing markets...
Also, a psychological observation:
Once people who have had a housing problem in the past find an adequate housing situation for themselves, they, not seeing housing as a problem anymore, are no longer inclined to vote for the politicians and/or public housing policies that would help large amounts of other people with their housing problems...
Housing, that is, getting the issues around housing exactly correct from a law/government/macroeconomic/public policy perspective -- with a rapidly expanding world population and many homeless people in the world's cities -- is, or will be, I think, as future historians look back in time:
One of the defining issues of Earth's 21st Century History...