The appropriate criticism here is about corrupt markets resulting from restricted/scarce housing supply. Fair markets that encourage abundant housing supply, are ones that would lead to “perfect competition” and fair ROI on capital. The oligarchist/capital supremacy model of US/west corrupts markets against abundance, because extortionist profits fund politicians to protect extortionist profits.
UBI, not democracy, is the important freedom that can address structural corruption, but still the option to rent still needs to pay for the capital/expense investment in allowing you to rent.
corrupt markets resulting from restricted/scarce housing supply
Housing has a hard limit as there is only so much ground available in desirable locations. Building houses also needs resources and labor and takes a while.
We can go pretty high, but 3-5 stories has easier construction, and doesn’t need expensive elevator system. 4th and 5th floor without an elevator advantages young people, but reduced rent still can be profitable vs stopping at 3 stories.
The appropriate criticism here is about corrupt markets resulting from restricted/scarce housing supply. Fair markets that encourage abundant housing supply, are ones that would lead to “perfect competition” and fair ROI on capital. The oligarchist/capital supremacy model of US/west corrupts markets against abundance, because extortionist profits fund politicians to protect extortionist profits.
UBI, not democracy, is the important freedom that can address structural corruption, but still the option to rent still needs to pay for the capital/expense investment in allowing you to rent.
Housing has a hard limit as there is only so much ground available in desirable locations. Building houses also needs resources and labor and takes a while.
We can go pretty high, but 3-5 stories has easier construction, and doesn’t need expensive elevator system. 4th and 5th floor without an elevator advantages young people, but reduced rent still can be profitable vs stopping at 3 stories.