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bagelman10 t1_j8myocn wrote

I live in Boston. the mayor is trying to institute rent control. This however, most likely will just make developers less likely to build new projects. Profits drive progress. That's the good thing about capitalism! Have a problem- if there is a profit to be made capitalism may solve it!

The problem is simple supply and demand economics 101. Not enough supply, too much demand. If you don't incentivize developers to solve the problem, it won't be solved.

Nobody likes sprawl, but smart development is easily achievable.

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idreamofchickpea t1_j8n4nqu wrote

I mean.. the quest for profit is directly responsible for the present housing crisis, no? Surely you don’t think there’s too much rent control and not enough profiteering.

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bagelman10 t1_j8n6vta wrote

I don't think that the quest for profit is responsible for the present crisis. The cause is a lack of supply through decades of intentional under-development. Which was exactly what the article is about. Rising prices are because of too much demand and not enough supply.

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