Re:The end of landlords: the surprisingly simple solution to...
by obelos on Tuesday March 19, 2024 @05:33PM
(#39760469)
Much like the frequently vilified HF trader, the value that landlording adds to the economy is liquidity. What do these managed housing schemes provide when, for example, a household breaks up? Or two households want to merge? Or even when a household wants to move across town to be closer to work? If you have ~100% utilized housing, the only way this gets addressed is with elaborate queuing. The liquidity that an open rental market offers comes at a cost, and it's very worthwhile to interrogate that cost and seek to mitigate it because it mostly translates into homelessness. But the managed housing market / absolute rent control approach doesn't seem to have an answer to the liquidity problem, which also demands interrogation.
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