This is happening in Barcelona now due to the rent controls - where they strip everything out to provide the absolute bare minimum since demand far exceeds supply but the prices are capped.
Well of course. As rent control continues the failure is more obvious every year, so they try to socialism harder and mandate more things. As an owner you either convert to condo (if you can) and sell it, find some loophole, or just hold on as long as you can until they remove the rent control
Using government monopoly to solve private monopoly has to be the goofiest idea we continually try. It's right up there with unions. You can't negotiate successfully against corruption. If the system has no competition than corruption almost always creeps in.
Granted, it quickly solves some of the problem, but to act as if it is a sustainable solution is maddening.
monero-xmr|1 month ago
themafia|1 month ago
Granted, it quickly solves some of the problem, but to act as if it is a sustainable solution is maddening.