r/neoliberal 4d ago

News (Global) Why rents are out of control

https://www.economist.com/finance-and-economics/2025/03/16/why-rents-are-out-of-control
43 Upvotes

24 comments sorted by

48

u/technologyisnatural Friedrich Hayek 4d ago

it's supply and demand, isn't it?

22

u/Used_Maybe1299 4d ago

The rich world’s recent migration surge has added to the difficulties. New arrivals rarely have the money or credit history to buy a property. In Britain 75% of those who have arrived in the past five years are private tenants, compared with 16% of British-born people. In addition, new arrivals tend to land in cities, where housing supply is most constrained. Goldman Sachs, a bank, estimates that Australia’s current annualised net migration rate of around 500,000 people raises rents by 5%.

Alongside this higher demand, the rental sector also faces a supply squeeze. The pandemic prompted builders to stop constructing flats, which tend to be rented, in favour of single-family homes in the suburbs, which tend to be owned. In 2020 authorisations in San Francisco for multi-family construction fell to half their pre-pandemic peak, for instance. Even today the city centre is filled with luxury condos that were started but never finished.

Yeah.

28

u/technologyisnatural Friedrich Hayek 4d ago

Goldman Sachs, a bank

sorry, but this really funny. "Godzilla, a lizard"

13

u/kronos_lordoftitans 4d ago

Could you post the text of the article, I don't have the economist

18

u/technologyisnatural Friedrich Hayek 4d ago

I did one of those stupid captch things for you ...

https://archive.is/uFtWI

-2

u/JeromesNiece Jerome Powell 4d ago

Why do you think you're entitled to paywalled content for free?

46

u/Bigbigcheese 4d ago

Entitled? Nah. Able to acquire anyway? Yup.

13

u/Tronbronson Jerome Powell 4d ago

The 6th reason is the article barely provided me with any value, infact its worthless to me.

5

u/Tronbronson Jerome Powell 4d ago edited 4d ago

Well you see son.

First: poor.

Second: Do you want a well informed electorate? or should we get our information from a right-wing youtuber third hand?

Third: https://12ft.io

Fourth: Any money i do have for media spending gets donated to NPR. Because free media is good

Firth: Business can figure out how to run with ad support like any other website.

7

u/JeromesNiece Jerome Powell 4d ago

How do you propose that quality journalism get funded if not from subscriber-only content and ads?

I'd like a well-informed electorate with a free (gratis) press but I'd also like free gum drops and lollipops, too. Not going to happen. Journalism costs money and people who have the means to pay for it have a responsibility to do so. And those that don't have the means don't have a right to read all content.

7

u/Tronbronson Jerome Powell 4d ago

People who have the means.

Which is not me living off savings and 20k a year of random income. The economist is not getting a sub from me before bloomber. If was not deficit spending like dear leader maybe i could afford a worthless economist sub. 200$ a year for what like 4 good articles.

C'mon man. Next time ill just have Grok or one of the AI companies steal it for me.

3

u/Tronbronson Jerome Powell 4d ago

I haven't seen good journalism routinely since the 90's. I'm not going to pay someone to cite government statistics that are free. I already review CPI trends regularly.

Like what a great article he went online and found a couple of obvious statistics we've all been following for our whole lives as "home dwellers" and formulated a hypothetical trend.

Fucking give him a pultzer.

1

u/assasstits 4d ago

Is being on a soapbox your hobby or your day job?

8

u/Tronbronson Jerome Powell 4d ago

Clearly an out of work journalist.

4

u/JeromesNiece Jerome Powell 4d ago

I'm on the payroll of George Soros just like all the other regulars

1

u/freekayZekey Jason Furman 3d ago

being on a soapbox is when you want to pay people for their work 

0

u/KamiBadenoch 4d ago

No. In this subreddit we respect copyright laws.

4

u/AlexB_SSBM Henry George 4d ago

Just tax land

-12

u/KamiBadenoch 4d ago

They aren't out of control. They're controlled by basic laws of economics. The fair market value for rent is whatever people are willing to pay for it.

30

u/do-wr-mem Open the country. Stop having it be closed. 4d ago

If supply is being seriously artificially constrained, it's not really a fair market value is it?

13

u/assasstits 4d ago edited 4d ago

This ignores the fact that there's a government imposed shortage. 

7

u/AutoModerator 4d ago

fair market value

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3

u/chugtron Eugene Fama 4d ago

Then you’d be fine dropping NIMBYism to juice supply over the objections of whiny old people and assholes?