I genuinely can not understand how anyone with basic knowledge of economics could believe that government intervention is not responsible for the majority of rent price increases
The market, left to its own, will keep building because someone will see the prices people are willing to pay and think “I want in on that” but then the government comes in and blocks them from building. No building = supply lower than demand which always equals higher costs
Further, It would only have taken you one 5 second search to see the ways government regulations can cause unoccupied apartments
I genuinely can not understand how anyone with basic knowledge of economics could believe that government intervention is not responsible for the majority of rent price increases
The market, left to its own, will keep building because someone will see the prices people are willing to pay and think “I want in on that” but then the government comes in and blocks them from building. No building = supply lower than demand which always equals higher costs
Further, It would only have taken you one 5 second search to see the ways government regulations can cause unoccupied apartments
https://www.google.com/search?q=in+what+ways+can+government+...
That's because you inserted the word "all" which was quite absent from what I wrote.
Please try again.
P.S. google "how many unoccupied apartments in nyc"
> all unoccupied apartments in a market
Which market are you thinking of?
Let's assume I'm talking about the same market as the person I responded to.
> the same market as the person I responded to
Los Angeles? Where the homeowner vacancy rate is 0.7% and rental vacancy 4%?
If you literally weren't thinking of anywhere when your responded, where did you get the notion from?
[1] https://api.census.gov/data/missing_key.html +/- one percent