Argentina got rid of rent control. Housing supply skyrocketed

Comments

• Wilzax@lemmy.world ⁨8⁩ ⁨months⁩ ago

  Housing supply skyrocketing means that people were evicted from their homes when their controlled rent increased to an amount they could not afford.

  This is a bad thing. People who lose their housing cannot effectively work jobs and support the economy.

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  • Amoxtli@thelemmy.club ⁨8⁩ ⁨months⁩ ago

    Landlords won’t offer rent if the rent is below what they think is profitable. You didn’t read the article, obviously.

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    • Wilzax@lemmy.world ⁨8⁩ ⁨months⁩ ago

      If the rent is no longer profitable, the landlord’s best interest is to sell the property. They are not compelled to maintain ownership of a building full of unprofitable people.

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  • jimbolauski@lemm.ee ⁨8⁩ ⁨months⁩ ago

    If you read TFA you would have noticed many landlords refused to rent properties.

    The law aimed to provide tenants with more financial security, but by the end of last year, an estimated one in seven homes in Buenos Aires was sitting empty as landlords chose not to rent them out in Argentine pesos. Deposits were capped, and it was nearly impossible to end tenancies early.

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  • steeznson@lemmy.world ⁨8⁩ ⁨months⁩ ago

    We can observe housing supply dropping in places where rent controls were recently introduced like Berlin though

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• ryathal@sh.itjust.works ⁨8⁩ ⁨months⁩ ago

  Rent control is about the only thing most every major economic school agrees is a bad thing. Removing it and seeing positive results isn’t surprising.

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  • intensely_human@lemm.ee ⁨8⁩ ⁨months⁩ ago

    It’s surprising to that narrow slice of people who didn’t yet know how markets work, but who are open to the idea.

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• Bongo_Stryker@lemmy.ca ⁨8⁩ ⁨months⁩ ago

  Funny, I hear homelessness has also skyrocketed.

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  • wintermute_oregon@lemm.ee ⁨8⁩ ⁨months⁩ ago

    Cite for that? The article says otherwise.

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• intensely_human@lemm.ee ⁨8⁩ ⁨months⁩ ago

  This is wonderful to hear. Without positive examples, there’s no way to prove to the doubters that free markets do, in fact, work.

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  • HelixDab2@lemm.ee ⁨8⁩ ⁨months⁩ ago

    To be fair, the issue here is that some parts of the market are free, while others aren’t. If your entire economy is controlled by the state, then this isn’t an issue at all. The state exerting some level of control over all aspects of the economy ends up working pretty well< while a true laissez faire economy very quickly ends up being unfree due to monopolies.

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