And yet the global capitalists screech Have more babies!
Housing crisis: Are you prepared to wait 6 months to rent a studio in Paris? | Euronews
Submitted 1 year ago by fne8w2ah@lemmy.world to aboringdystopia@lemmy.world
Submitted 1 year ago by fne8w2ah@lemmy.world to aboringdystopia@lemmy.world
And yet the global capitalists screech Have more babies!
galloog1@lemmy.world 1 year ago
This is the natural result of putting price caps on a market. It says so in the article. Only increasing supply can help with the cost of housing and it needs to be done above demand levels. Until units start sitting vacant that are actually on the market, you won’t see prices go down or people’s needs actually met.
AnUnusualRelic@lemmy.world 1 year ago
You can’t increase supply. There’s nowhere to build in Paris.
Brunbrun6766@lemmy.world 1 year ago
Up
Fried_out_Kombi@lemmy.world 1 year ago
Tokyo is the most populous city on the planet with like 3x the population of Paris, and yet it’s remarkably affordable. Why? It’s easy af to build there. Japan has a simple, nationwide zoning code that makes it extremely easy and streamlined to build new housing.
Clearly Tokyo has found the room. Paris has plenty of room.
Fried_out_Kombi@lemmy.world 1 year ago
!yimby@lemmy.world !justtaxland@lemmy.world
Zorque@kbin.social 1 year ago
The problem is, tenants need a place to stay, while landlords don't need to provide it. They want to, but they can (mostly) afford to let an apartment sit unrented, especially if they raise the price for the surrounding units. Someone will eventually pay the price.
In a "free" market, those with the capital have power, those that don't... don't.
Valthorn@feddit.nu 1 year ago
Letting the market decide the rent will not magically create more housing, only make the existing housing in a high-demand place like Paris very expensive. The effect might be that it is easier to find an apartment, but only because you have forced the poor out of the city and moved the housing crisis further away from the city. Of course the landlords would be happy if they could charge some 3000€ per month for a small studio apartment in a dodgy neighbourhood, so of course the economists say this is a good idea, since line go up is good.