219 karma · joined February 14, 2021
I'm sorry but to me this attitude hasn't worked out all that well for the common man in the US (no vacation, parental leave, health care etc), but still you believe in the propaganda by default.
How is it not? It's deeply anti-democratic, basically handing over power to corporations and wealthy people. It's not like its biggest proponents are advocating "a great reset" where all people will start at zero property again or something, it's just a power grab for the already propertied.
What if they're right? Should we all go down with the ship just to maintain some sort of dogmatic pride in our preferred economic system?
That's some really weird world view you got there.
Yes, or at least aren't approaching the problem as others are, namely, what the actual effect of their theories would be in practice. We've seen multiple times how much higher rents get with market rents, and how the common man will be kicked out of their homes. Not sure why you keep denying it when the facts are there.
> Because economics is a difficult subject to understand
So yes, you really think people are too stupid to understand that they will actually benefit. Shameless.
> YES! They're renters.
That's putting profits over people and just plainly unethical and is precisely the kind of outcome that justifies rent controls.
> We also need to be giving investors the incentive to invest in new housing
No, we don't. The state can build housing according to need, like other infrastructure. That way, we don't need to kick out the poor folks from their homes. It's already been done in the past, and is being done in for example Wien, Austria.
> This is basic economics.
It's basic and shallow alright. The world isn't some sandbox for trying naive free market models. It's more complicated than that.
People are not stupid. Why do you think there's so much resistance in Europe towards market based rents if they think it will actually lower their rents? Should people be thrown out of their apartment they've lived in their whole life just because the property owner can find someone wealthier that's willing to pay more? How is that a desired outcome for the common man? People would rather want that the housing is created by the state than have that crazily class based stratification of our cities.
It's pretty pointless to talk about rent control if one hasn't established what the desired outcome is. An "efficient" market? Affordable housing for the common man?
Rent control keeps on providing affordable housing in Europe. Abolishing it would cause the rents to rise (both economists and the people promoting it admits to that) and thus give billions to land lords and property owners. But I guess that's a feature, not a bug?
Have you considered that you are essentially jumping in line just because you have a larger wallet than other people?
No, you just seem to be unwilling accept that reply that argued that we worked less than today - which is true. So your suggestion that the "natural state of nature" is struggle and hardship fell flat.
That's like another planet for me. Should kids really need to focus on their career so early?
The average HN user - usually in the upper middle class - are certainly on the beneficial side of this. They've received a cheap private chauffeur service, albeit decentralized, that they use to a greater extent than they would ever use taxi because of its affordability (ofc made possible by VC money and offloading costs to the drivers). The self-interested confirmation bias in HN threads about the gig/ride taxi industry must be seen in that light.