Nobody concerned about rent price fixing thinks that we don't also need to build more housing here. This is just another part of the problem. Are you defending the practice?
Nobody concerned about rent price fixing thinks that we don't also need to build more housing here. This is just another part of the problem. Are you defending the practice?
I think it simply doesn't matter. The only reason it could have any impact at all is in an incredibly constrained market. Unconstrain the market and they just won't be able to; it wouldn't work.
Also - I don't think it actually affects prices. It's just that they've gotten good at seeking price equilibrium.
“Yes” would’ve been a sufficient answer.
And yet action gets taken about the rent price fixing, but not about actually encouraging more building.
Seattle upzoned huge chunks of the city, allowed ADUs (now two adus are permitted on all lots), and removed single family zoning. All within the past five years.
Last year, Seattle built 20% more houses than the highest of any of the previous ten years. (~13k units) And this year we're 11% above last year, so far.
What about that is not "actually encouraging more building"? I'd say your data might need revising.