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A comment on Berlin rent cap overturned by Germany's top court. Parent comment

Re:Berlin rent cap overturned by Germany's top court by CryptoPunk on Thursday April 15, 2021 @07:35AM (#26819120)
>>You are simply rehashing the idea that free market is holy and magic. Instead, housing is inelastic.

Housing is not inelastic at all. Economists have studied the effects of laws reducing land-use rights, and have found they impose massive social costs, in the form of less housing construction, that leads to less affordable housing.

https://www.aeaweb.org/articles?id=10.1257/mac.20170388

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Re:Berlin rent cap overturned by Germany's top court by goodpoint on Thursday April 15, 2021 @10:31AM (#26820971)
> less housing construction, that leads to less affordable housing

You mean that decreasing housing supply correlates with increasing price?

Because that's exactly what inelastic demand is: https://www.investopedia.com/terms/e/inelastic.asp

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Re:Berlin rent cap overturned by Germany's top court by CryptoPunk on Thursday April 15, 2021 @09:59PM (#26828509)
Demand might be inelastic, but supply and price are not.
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