Its actually a really interesting article. But it goes against what people want to be true with what is actually true.
People are down voting this because they want to live in fantasy land. Can we not actually upvote things that are informative and in areas where people knowledge is lacking. This article can be a learning point for you all or you can all live in denial.
Unfortunately a healthy housing market is surprisingly a good thing. It’s like when house prices collapse it’s actually a bad thing because the reason that happened is worse than the result on the house prices (e.g. 2008). People look at the system far to simply, do not understand it and make the wrong judgements. It’s the problem of a little bit of knowledge being a dangerous thing.
Because there is no value it building a house because there is no value in buying one.
Many many people have talked about the issues of price caps. It’s been done to death. Go look up a podcast, YouTube video, book, seminar, webpage of your choosing and find out why rent caps are bad. They will do a better job of explaining it than me and you can consume the information in the way you want.
Personally I would like some big changes to be made. Easiest of which would be a land value tax which would increase homes and decrease prices. Or much more radical things like destroying parts of cities. Unfortunately I don’t make those choices. So reading the information here is showing the opposite of what you think it does and in the system being used is good news.
Unfortunately for Lemmys a professor of economics knows more about the economy than they do. He is making the housing market healthier and they don’t like that.
If you’re speaking about the USA in 2008 that’s a bad example compared to Argentina here, yes?
I was trying to show an obvious example of how decreasing house prices can be a bad thing. It’s an similar example, it is not the same. I was hoping to show you how just because something on the surface appears to be good it can be bad.
You can use that throwaway line, but if you are making an argument, you have to defend it.
“That which can be asserted without evidence can be dismissed without evidence.” (Christopher Hitchens).
What a horrific misuse of that quote. I’m talking about economy theory that has been well studied. Evolution doesn’t need to be proved every time it is mentioned why does this? At this point you need to assert against general consensus.
Okay right. With price caps total homes, now and in the future for rentals added to ownership decrease. This can put pressure on prices to rise overall for rentals and for home ownership.
Where did all the renters go that no longer could rent because the landlords removed so many units from rental markets? They have to live somewhere. Where?
Parents, friends, the street, foreign countries some of them would have gotten a home certainly but not all. At this point you will really need to be digging into the data and things get complicated and hard to count exactly.
I see your confusion now. The market is not over saturated, that’s the mistake you are making in your thinking. It’s a supply and demand curve. More people would rent if it became cheaper when it becomes more expensive less people do. Frankly it is as simple as that. Less people get to live where and how they want as cheap as they would like that’s why rent control is so awful. This effect can put a similar effect on home ownership. People that can, then buy when they don’t want to at a price they aren’t happy with in a location they don’t want. Some people just can’t afford to buy a house when they once could. It just fucks over the whole market and pretty much everyone is less happy.
You seem interested in it. Go investigate. No point arguing with some random guy on a forum, go look at some quality content.
Not all rentals will become purchased homes. From a people living in it point of view homes disappear off the market. The problem also gets worse and worst over time, assuming the population of the city is increasing.
I’m tired I’m come back later and re read everything and see if I need to explain anything better then.
The amount of crap fat people eat that skinny people don’t realise is insane.
You see some fat person it a salad with loads of calories in the dressing then go much on some crisps. Then some skinny guy will eat chicken and rice and the fat person will say “I wish I could eat like you”.
Also mobility is a huge factor. So many skinny people walk or move around somehow and do far more than overweight people.
One thing I’ve noticed is quantity eaten and why. Skinny people only seem to eat loads when they haven’t eaten much across the week or if they just done a load of exercise. The calories in calories out is far more balanced.
“Yesterday France announced the winners of the 250 MW South Brittany floating offshore wind auction, the world’s first commercial-scale floating offshore wind auction. This is a major milestone for floating offshore wind technology. So far Europe has only built small pilot and demonstrator projects. With yesterday’s...
I actually meant grid level expansion. But that too.
All they have done is free market supply and demanded the grid. That’s why Texas has more solar than any other state, the market is working. Though it does have some downsides.
“Last year, Texas overtook California in large-scale solar power capacity. When huge amounts of solar power rush onto the grid, batteries tend to follow. Now, Texas is building more grid batteries than California, the longtime undisputed leader in clean energy storage.”
Its wholesale prices, it’s what they do. Same in Europe same in Australia.
Texas looks fairly middle of the pack with decreasing prices. Compare it to another state with high levels of renewable and California is second highest after some islands and has increasing prices.
But this website has the lowest economic literacy I have ever seen. It’s really dangerous that people might think the majority know what they are talking about.
In Ireland’s capital, Dublin, tent cities set up by migrants who lack temporary protected status are repeatedly cleared. The situation has been aggravated by Ireland’s housing crisis and anti-migrant laws in Britain....
Europe really needs to get a handle on this. The left don’t care and act like it is not an issue, the centre is profiting off it because they own the land and the businesses. The longer this goes on there becomes two options. Europe becomes a third world country or Europeans vote for someone that will actually do something. I would love a left party to actually act on all these immigrants but they won’t and their parties are hemorrhaging voters. Going to be an interesting decade for politics.
More evidence that Turkey simply relabels Russian oil products and re-exports them to Europe as Turkish emerges from a new study by the Centre for Research on Energy and Clean Air (CREA) and the Centre for the Study of Democracy (CSD)....
Rishi Sunak announces 4 July general election (www.bbc.co.uk)
How Argentina’s ‘chainsaw man’ Javier Milei slashed rents by 20pc (www.telegraph.co.uk)
Anon wants to be bigger (sh.itjust.works)
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Neuralink to implant 2nd human with brain chip as 75% of threads retract in 1st (arstechnica.com)
France announces winners of world’s first commercial-scale floating offshore wind auction | WindEurope (windeurope.org)
“Yesterday France announced the winners of the 250 MW South Brittany floating offshore wind auction, the world’s first commercial-scale floating offshore wind auction. This is a major milestone for floating offshore wind technology. So far Europe has only built small pilot and demonstrator projects. With yesterday’s...
Texas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energy (fortune.com)
Ireland: Tensions over refugee crisis and Dublin tent cities (www.dw.com)
In Ireland’s capital, Dublin, tent cities set up by migrants who lack temporary protected status are repeatedly cleared. The situation has been aggravated by Ireland’s housing crisis and anti-migrant laws in Britain....
Turkey simply relabels Russian oil products and exports them to Europe, research indicates (www.intellinews.com)
More evidence that Turkey simply relabels Russian oil products and re-exports them to Europe as Turkish emerges from a new study by the Centre for Research on Energy and Clean Air (CREA) and the Centre for the Study of Democracy (CSD)....