return2ozma to News · 1 year agoL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comexternal-linkmessage-square325linkfedilinkarrow-up1868arrow-down114file-text
arrow-up1854arrow-down1external-linkL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comreturn2ozma to News · 1 year agomessage-square325linkfedilinkfile-text
minus-squareerplinkfedilinkarrow-up7arrow-down5·1 year ago↑ supply or ↓ demand. As much as it frustrates politicians, these are the only true levers. Of course, economists have successfully predicted 5 out of the last 3 recessions so who knows. Why don’t you go ask Chat GPT.
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up2·1 year agoSo we should keep going after land with its perfectly inelastic supply, then.
↑ supply or ↓ demand. As much as it frustrates politicians, these are the only true levers.
Of course, economists have successfully predicted 5 out of the last 3 recessions so who knows. Why don’t you go ask Chat GPT.
So we should keep going after land with its perfectly inelastic supply, then.