Rents in Argentina have fallen 20pc since President Javier Milei scrapped a “destructive” cap for landlords in December.
Under four-year rent controls, landlords fled the market in their thousands and rents increased 286pc, fuelling an even deeper housing crisis.
LMAO. Leftoid idoicy does so much damage. But we all aready knew this.
Since the legislation was scrapped, rents have fallen and the number of properties that are available for rent has increased significantly, according to industry body the Argentine Real Estate Chamber.
Who could have predicted this??? (Except for literally every economist)
The drastic change in outlook for the country's rental market adds further weight to arguments that even with the aim of reducing the burden on renters, rent caps often have the opposite effect.
Leftoids are still going "La La La can't hear you"...
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Someone posted this to /r/scotland and they're assmad lol https://old.reddit.com/r/Scotland/comments/1b6foy6/how_argentinas_chainsaw_man_javier_milei_slashed/
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Heh, you only managed to save one person from the hospital I set on fire? Well done I guess
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From the way this is worded, this person clearly thinks that rent would need to go down by 211% to get back to earlier levels
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Eh, they are displaying the mathematical literacy of the average leftoid.
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omfg
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but he's a fascist
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Could it be? Leftist policies make the problem they're meant to address worse??
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Common !neolibs win
Rent prices down 20% in only two months. Ludicrously fast change
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Wow, economics are real!
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NOOO YOU CANT LET NORMAL PEOPLE RENT ROOMS!!!!!! YOU HAVE TO RENT A 10SQ2 BOX FROM THE COMPTROLLERS COUSINS HOUSING BLOC NOOOOOOO
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is there a good article on what was in place before the cuts? I'm very curious
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Yes: https://marginalrevolution.com/marginalrevolution/2024/01/rent-controls.html
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The WEF is absolutely going to have him killed
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Snapshots:
https://www.telegraph.co.uk/money/property/argentina-chainsaw-man-javier-milei-slashed-rents-20pc/:
ghostarchive.org
archive.org
archive.ph (click to archive)
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Average leftoid face after seeing the opposite of leftoid policy work better at acheiving the leftoid's professed goals than what he said would work.
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Is rent control even a policy pref outside of berntards
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