this post was submitted on 12 Sep 2023
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A reminder: rent is the purest form of supply/demand in the housing market. Nobody rents multiple units to sit on them the way people do to buy them. If prices are going up, that means vacancy is low and there just aren't enough units to rent compared to the number of people who are looking for a unit. Landlords hiking prices are hiking prices because somebody will pay that higher price.
The solution has to involve either building a crapload more units, or having less people who need housing (as always, Malthusians are invited to go first). Anybody who is proposing other approaches to this problem is either a con-man or an idiot. You cannot redistribute your way out of a shortage.
I need you in every housing thread I post here.
I honestly try to be That Guy on this subject but I am getting tired of the swarm of downvotes from "well this is dumb we just need to do the simpler thing and abolish capitalism" contingent.
Offer and demand should be taught in high schools.