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Does 10% cover the cost of building and maintaining the housing? If not, who's paying for it instead?

Building "code" and bureaucracy around it seems to be some kind of weird cult. I bet in this day and age it is actually quite cheap to build, if you look at what costs in term of materials and actual wages of construction workers. Everything else around it is inflated to hell on other hand.

Due to low interest rates companies(even foreign)are buying land and buildings like crazy, building new ones and rebuilding like crazy trying to raise their return. Prices are skyrocketing. Construction companies have more projects than they can work on. Those new buildings are expensive as hell and rent is rising as well. The average rent in the village i live in doubled in the last 10 years and thats probably due to some restrictions on how much rent can be raised in a certain interval.

But without (extremely) low interest rates government spending would have to be cut A LOT ... so who decides interest rates again? Oh wait ...

Expecting an increase in rates is like expecting the government to decide it's too big (and not a little bit). Good luck with that. Even very rightist parties in Europe don't even try to make that point any more.

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