this post was submitted on 16 Oct 2023
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A Boring Dystopia
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Okay, but did something happen that suddenly made people become more greedy? Are people in West Virginia simply not greedy? Did NYC landlords have a brief change of heart in 2020 when they allowed prices to fall, only to suddenly rediscover greed in 2022?
Again, how did it come to pass that shelter became a commodity? What things changed that resulted in it becoming a productive investment?
Greed isn't a useful explanation because people have always been greedy and always will be.
did the US have more rent controlled areas in central business districts - i guess that would vary by state/county/city?
In the UK there was a lot more rent controls in 40s-60s ish (then varying a bit over 70s) but basically was abolished entirely in the (mid-late) 1980s.