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Rent controls usually end on decreasing supply or increasing rents.

8 days ago by Allah to c/showerthoughts

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LodeMike 21 points 8 days ago

Housing is more complex than a simple supply and demand chart especially one with straight lines. Every product is like this actually.

Low housing supply actually increases rents.

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CombatWombat 16 points 8 days ago

Who makes an annotated graph like this in the shower?

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squaresinger 9 points 8 days ago

OP, using AI, which is why it makes no sense.

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daannii 13 points 8 days ago

Ai graph that doesn't show anything

And also not shower thought.

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trxxruraxvr 9 points 8 days ago

This graph makes no sense

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Skyrmir 3 points 8 days ago

It's a supply demand chart, they do makes sense, but usually require a bit of explaining to really understand.

The short answer though is that population growth has outstripped housing growth since Reagan, limiting supply. While interest rates since Reagan have increased demand. Lots of reasons why, on both sides, end result is a deep hole of expensive housing, and a lot of bad ways to fix it.

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Lumidaub 7 points 8 days ago

Tom Haverford: It's confusing as fuck. I've looked at this for five hours now.

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PiraHxCx 6 points 8 days ago

It's like that economist logic that giving money to everyone would make everyone poor, if everyone had a house everyone would be homeless, and if everyone had shoes we would all have to walk barefoot.
You don't need to control rent, though, just control hoarding.

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roofuskit 6 points 8 days ago

You do that by building housing whether it's going to make a bunch of money or not. Which means the government has to do it.

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frisbird 1 point 8 days ago

Like what China did

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roofuskit 5 points 8 days ago

Yeah, that's not what China did. They tried to manufacture demand. If you wanted to make housing affordable for all you build where there's demand.

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frisbird 1 point 8 days ago

The large majority of Chinese ghost cities became populated, because that's how long term planning works

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PiraHxCx 2 points 8 days ago

Even Singapore, which neoliberals place at the top of economic freedom but will call public housing policies communism anyway

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sunbrrnslapper 4 points 8 days ago

I've heard this before, but that chart does not support the argument. Do you have other sources?

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hirihit640 -2 points 8 days ago

Why doesn't the chart support the argument? You can see the black dots showing the (illegal) increased rent, or the supply shortage

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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The most popular seem to be lighthearted clever little truths, hidden in daily life.

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