alt Hacker NewsRent control is not 'warping markets' - it's the notion that 'homes are markets' that is 'warped' - that's the basis of the problem.
The workaround is to build more dwellings, and rc generally is not an inhibitor there.
Funny enough 'wealth taxes' may actually be the worst of tax of all - aka a double negative - like a double negative.
What we want to do is make it so that 'rich people get rich' not from rent-seeking but from real value creation.
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Who builds them? Private party. What’s their incentive? Making money.
> it's the notion that 'homes are markets' that is 'warped'
A market in this case isn't a literal street market with vendors hawking their goods. The word "market" describes the relationship between people who have more than they need selling to people who need and would prefer to exchange their money (or vouchers etc.) to acquire it.
Housing can't not be a market anymore than food or labor could not be a market. It's like saying it's warped that water evaporates and becomes clouds and turns into precipitation. It's a word that describes one of the natural systems of how the world works.
Even in communist societies where the State owns all the land and all the housing and decides how to distribute it, you still have a State-owned-and-directed market between citizens who need housing and a State that has excess housing and provides it to citizens.
RC of course is inhibitor. It lowers value of the house, which lowers builder's profit, which lowers number of new investments.