Status Updates From Basic Economics: A Common S...

“It has been estimated that at there are at least four times as many abandoned housing units in New York City as there are homeless people living on the streets there.”

Yikes. #rentcontrol

“In short, a policy intended to make housing affordable for the poor has had the net effect of shifting resources toward the building of housing that is affordable only by the rich, since luxury housing is often exempt from rent control.”

Idk if any of you have been to San Francisco lately, but it is the worst of all these blue cities who just keep trying to ✨ help the poor ✨ by more government programs.

Economic policies need to be analyzed in terms of the incentives they create, rather than the hopes that inspired them.

👏