downpunxx
pinkdrunkenelephantsThe issue here is buying power is dramatically dropping which is a function of both wages and prices. Raising the minimum wage alone won’t fix that; instead, price controls will have to be implemented such that all housing is bought back down to prices that are satisfactory to consumers. That can’t happen without federal legislation.
Rent control is absolutely not the solution. Building more is the solution.
How about regulating all the big companies - prohibit sitting on apartments to drive up rents, limit Airbnbs,that sort of thing.
How would limiting housing get more housing, exactly?
Where does he say “limiting housing”?
“prohibit sitting on apartments to raise rent” which idk what it even theoretically means, and limiting AirBnBs, are both means of constraining housing.
prohibit sitting on apartments to raise rent - prohibit leaving apartments empty to keep rent high
Limiting air bnbs - keep housing for permanent resident rather than short term rent
You don’t need to keep a short term rental to not limit housing. Otherwise hotel rooms that can be upwards of $300 would count as houses.
prohibit leaving apartments empty to raise rent
Gonna need to see some citations on that happening, and reasoning as to why someone is not allowed to not rent out their property.
If you limit AirBnBs you’re just directly limiting housing, and there’s no other way to even begin to phrase that.
Hotel rooms won’t ever count as houses because you don’t own them, the hotel does.
We already know how this game works. Play Monopoly for a demonstration…
You mean the game where you try to make as much rent a possible by building as many retail spaces as possible?