Saw this post on Instagram (https://www.instagram.com/reel/DAjCAJYusg6/?igsh=djRsOGh3ZzhyY2Zr ) which claims that the removal of rent control in Buenos Aires led to an increase in available housing and a decrease in housing prices which seems counter-intuitive to me.
Is the increase in availability due to landlords raising the rent and forcing existing renters out ( thus more availability)? But how then are the prices of these places somehow lower?
What am I missing?
In: Economics
Price is not lower. That is just propaganda. Prices triple between inflation and by removing that law (in pesos).
People struggle a lot more to get a good rent. There is a lot more demand because owners did not wanted to rent before which should make it lower prices over time. Only people with US dollars are better right now.
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