Latest Breaking News On - Contemporary art market - Page 3 : comparemela.com

learned in economics over the decades it is that rent control does not work the way they want. they can control rents but you get a shortage of housing junk the ability to invest in new housing or shape up the current housing. are we learning nothing? have we learned nothing from practices in new york and elsewhere? short answer yes we have learned nothing from this all. some of this is driven by the distortions of the rental market during the pandemic when rents were frozen. now after being unfrozen for two years the market is trying to reset itself. new york city s ground zero of rent control. are the developers poor all their money into condominiums for upper middle-class and wealthiest people.

Rent controlHousing junkNew yorkContemporary art marketRental marketGround zero