this post was submitted on 16 Oct 2023
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A Boring Dystopia
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Um no. It's still just greed. Greed grows, prices rise. Making shelter a commodity and a means of financial growth and security was the original sin.
Okay, but did something happen that suddenly made people become more greedy? Are people in West Virginia simply not greedy? Did NYC landlords have a brief change of heart in 2020 when they allowed prices to fall, only to suddenly rediscover greed in 2022?
Again, how did it come to pass that shelter became a commodity? What things changed that resulted in it becoming a productive investment?
Greed isn't a useful explanation because people have always been greedy and always will be.
did the US have more rent controlled areas in central business districts - i guess that would vary by state/county/city?
In the UK there was a lot more rent controls in 40s-60s ish (then varying a bit over 70s) but basically was abolished entirely in the (mid-late) 1980s.