Re:Why Britain Doesn’t Build
by Aunche on Monday June 26, 2023 @11:14PM
(#36488464)
>Truly sordid tropes about rent caps and freezes are trotted out again and again, as if simply reciting them makes them axioms: they're not.
Neither does insisting that these are sordid tropes make them so. In a vacuum, freezing rent disincentivizes the creation of new housing. You can negate this effect by subsidizing new housing, but that doesn't mean that the effect is fake news.
>Our elected leadership are captive to stupid market force arguments.
I wish. If that were the case, we'd replace property taxes with a land value tax, and it would be much easier for both the government and private developers to build new housing.
Neither does insisting that these are sordid tropes make them so. In a vacuum, freezing rent disincentivizes the creation of new housing. You can negate this effect by subsidizing new housing, but that doesn't mean that the effect is fake news.
>Our elected leadership are captive to stupid market force arguments.
I wish. If that were the case, we'd replace property taxes with a land value tax, and it would be much easier for both the government and private developers to build new housing.