Why is it rent-control OR building new apartments?
Houses don't appear immediately and isn't it a good idea to keep people in their homes while the supply grows (building new houses) and the economy stabilizes?
Houses don't appear immediately and isn't it a good idea to keep people in their homes while the supply grows (building new houses) and the economy stabilizes?
If (x = net present value) < (y = cost to develop) then I don't build.
And more importantly, disincentivizes maintenance and upgrades to older buildings.
Maybe, maybe not. It seems like a foregone conclusion among many people, but isn't backed by evidence or data.