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Crosspost: Beyoncé selling "only listening" tickets
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this post was submitted on 07 Aug 2023
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A Boring Dystopia
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What evidence are you basing your analysis of the effect of price controls on housing based on?
Germany and Austria have price controls on rents, and rental housing is generally much higher quality (and, unsure if cause/effect, much more socially desirable) than say, England. In England, which has no price controls, almost a quarter of rented accommodation is "non-decent" (by the English government's low standards) – and where 18% of members of Parliament are private landlords (not to mention those whose spouses / parents / business partners are).
Sorry, can't look up peer reviewed sources at the moment.. or copy paste for some reason. Its worth noting that the price controls are no more than 20% higher than local properties at the start of tenancy, and no more than 20% increase over 3 years. Still allows for roughly 40% increase Oliver three years and there are discussions on how landlords are taking advantage.
Guardian discussed how companies are discouraged from building in Germany and fuelled demand for existing stock.
Germany population is also in a slow decline (like, -0.xyz%) so new builds aren't as necessary as other places.