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Is Google Earth a Good Alternative to Rent Control?
The Irish government has introduced rent controls across Dublin to combat increases in rent over the last couple of years. What policy prescription would you recommend as an alternative to them? Sometimes I compare markets to gravity and gravity is over there. And rent control is a flying carpet. It's land in your backyard. For the rest of the population, housing should be provided by the market. You have to establish how many people are there. Usually if it is more than two or three or four percent of the population,. you'll have to adjust what is minimum acceptable, socially acceptable standard.