• Wanderer@lemm.ee
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    5 months ago

    Not not good. Means there is no money to be made in renting and less houses will be built because of it.

    Ultimately it is a supply and demand issue. Long term effects are more important in the housing market than short ones. These are short term effects.

    • partial_accumen@lemmy.world
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      5 months ago

      Not not good. Means there is no money to be made in renting

      Right, because of the government imposed price cap. The article covers that.

      and less houses will be built because of

      Where does this part of the idea come from? There’s no price controls on buying or selling housing, therefor should be no negative impact on the market. Further, the price of homeowners buying housing should have been temporarily cheaper because landlords were unloading properties instead. Private home ownership is a really good solid foundation for an economy.