That makes markets less efficient in the long run. It might cost less in rent, but your office is far away and you pay for it in commute time. You didn’t even know that in a parallel universe your company moved to a better office space that’s in your city
Efficiency and resilience are opposing forces. Think of the spare tire on a car. Is it efficient to carry around a fifth wheel all the time? No. But it is resilient because it will make it possible to quickly recover from a disruption (i.e. a flat tire).
The housing system needs a certain degree of resilience or people end up homeless. If that costs landlords money, too damn bad. It’s the job of government to force them.
That makes markets less efficient in the long run. It might cost less in rent, but your office is far away and you pay for it in commute time. You didn’t even know that in a parallel universe your company moved to a better office space that’s in your city
Efficiency and resilience are opposing forces. Think of the spare tire on a car. Is it efficient to carry around a fifth wheel all the time? No. But it is resilient because it will make it possible to quickly recover from a disruption (i.e. a flat tire).
The housing system needs a certain degree of resilience or people end up homeless. If that costs landlords money, too damn bad. It’s the job of government to force them.