return2ozma@lemmy.world to News@lemmy.world · 5 months agoL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comexternal-linkmessage-square313fedilinkarrow-up10arrow-down10file-text
arrow-up10arrow-down1external-linkL.A. County wants to cap rent hikes at 3%. Landlords say that would push them to sellwww.latimes.comreturn2ozma@lemmy.world to News@lemmy.world · 5 months agomessage-square313fedilinkfile-text
minus-squareerp@lemmy.worldlinkfedilinkarrow-up0·5 months 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-up0·5 months 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.