Comment by Danox
18 hours ago
Laughable the one thing that all the English speaking capitalistic countries share today is that most of its citizens most of whom don’t have rent control by the way are headed for a lifetime of being a renter all their life.
They are also headed towards paying more than 50% of whatever income they make to rent that’s the United States, Canada, Great Britain, Australia, New Zealand, and Ireland.
I can’t speak for the other countries, but in United States, the so-called luxury apartment is in fashion, and there is nothing luxury about them, except for the amount of money you will be charged to live there.
The shortage of affordable housing has nothing to do with rent control because over most of the country there is no real rent control effective rent control.
America is the land of luxury apartments currently popping up everywhere. What is also ironic is the fact that there are very few states that have anything like Prop 13 in California, which took a ballot initiative passed by the electorate and was not passed by the legislator’s who supposedly represent the people in short, there will be nothing forthcoming for the majority of people across the country. It’s sink or swim for most you are on your own in poverty.
> The shortage of affordable housing has nothing to do with rent control
Oh, it absolutely does. The abandonment of rent properties in NYC is ample evidence.
The point of the comment you're responding to is that shortage of affordable housing is ubiquitous, and you can't blame rent control on that in most places (which don't have rent control in the first place).
I don't think rent control is the most efficient solution to the problem, but believing it's a greater problem than the status quo is delusional. The status quo suck, and it mostly sucks because over the past 30 years housing policies in the West have been driven by the belief that markets dynamics are a good way to manage housing.
Nobody has ever found a better way to manage housing than the free market.
In the past 30 years, the government has never been more involved in zoning and regulation of housing.
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