Not only that, with the pace that government operates, the point around trashing the housing market, is true.
It's often years between the time a government policy is recognized as a failure and when it actually changes. At least companies go under eventually if they aren't profitable. There scale is obviously much more limited as well.
People seem to forget that NYC landlords paid people to burn down their apartment buildings due a combination of rent control and rising costs. Cheaper to just collect insurance than lose money on each unit you rent.
It's often years between the time a government policy is recognized as a failure and when it actually changes. At least companies go under eventually if they aren't profitable. There scale is obviously much more limited as well.
People seem to forget that NYC landlords paid people to burn down their apartment buildings due a combination of rent control and rising costs. Cheaper to just collect insurance than lose money on each unit you rent.