this post was submitted on 05 Apr 2025
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What could go right? If apartments cost $100, everyone would own one and there would be no speculative market in them — no rental market at all probably.
This policy is called rent control and it doesn't work. New York has it and rent is still astronomical. All you would do is eliminate any incentive to build new housing, which is the actual source of the problem
“It doesn’t work” because profits. If you are in socialized housing there is no need for profit. It’s also kinda absurd to think that, were rent fixed, that there would not be a sea change in how housing and regulations surrounding housing works. It’s myopic to simply say “fixed rent costs = landlords stopping maintaining property” or some such. It would have to be comprehensive, not a sudden, poorly thought out decree like trump would do.
A world in which we all live in project housing is a dark one indeed
Christ dude don’t be so damn binary. Both your comments are. There is nobody saying everyone will or must live in socialized housing in this hypothetical.
Then why bring it up? We're talking about a system of private housing with a profit incentive