peter335

Of course not, I think misguided policies like the one we’re talking about lead to higher rental prices

Yes, exactly. This is what I was getting at!

The one line explanation is that politicians should allow people to build more housing.

I stand by my characterization, this comment is symptomatic of the same problem. That a country with high unemployment has the nr of workers in the construction sector as the major limitation in construction of new housing seems very implausible. What about zoning laws? To the extent a country with high unemployment can’t find enough construction workers it’s likely to be some kind of government/regulatory failure. Read Matthew Yglesias, he’s great

Thanks for the recommendation!

I think these are understandable and well intended questions! But they also makes it seem like you're not very familiar with standard economic analysis. I would encourage you to read The Rent is Too Damn High by Yglesias which is by an american (leftist) who I think has a much better set of ideas for improving the lives of renters than "occupation friendly" housing regulations and other "zero sum" ideas. And yes, buying and administering rental properties is societally valueable just like running a bakery, restaurant or software consultancy is.

https://www.amazon.com/Rent-Too-Damn-High-Matters-ebook/dp/B...

If you make it financially risky to own a rental property you're also making it more risky and thus less profitable to buy and rent out apartments. This hurts both renters and the potential landlords. It would be much better to just increase property taxes.. Speaking as a Dane, this kind kind of economically illiterate leftist lawlessness is an important reason why Spain is poorer both poorer and has a worse welfare state than Denmark.