“In July, the Dutch government expanded nationwide rent controls—which had already covered about 80 percent of rental units—to almost all remaining rental properties. Fully 96 percent of Dutch rental housing is now subject to rent caps.
A report from Bloomberg published last week details the results: Owners of rental properties are selling their buildings and getting out of the rental housing market.
The tenants of those units are being forced to try and find one of the few remaining market-rate units or purchase a home in the Netherlands’ hot housing market. In either case, home hunters face spiking prices and limited availability.
These results are what one would expect from rent control. The economic literature is unambiguous that when rent control effectively holds rents below market levels, the result is a shortage of available rental housing.
More honest boosters of rent control will argue that while the policy limits housing supply, it increases stability for tenants. Protected from sudden, unaffordable rent increases, renters are able to stay in their homes for longer.
But in the Netherlands, at least, rent control is having a pro-displacement effect. Tenants who had an affordable rental unit are now being forced to move.
Proponents of rent control like to wave away the problems created by the policy as something that can be fixed with better and/or more sweeping controls of rental housing.
In fact, different rent control designs just produce different problems.
Apply rent control to new construction, and developers build less rental housing. Apply rent control to existing rental housing and landlords sell out to owner-occupiers. Prevent landlords from taking their units off the market, and housing quality deteriorates. (In the long run, this also reduces supply by preventing the redevelopment of existing rental housing.)”
https://reason.com/2024/09/05/the-netherlands-rent-control-disaster/
“Despite international sanctions meant to cripple Russia’s war machine, Russia has maintained an edge over Ukraine when it comes to artillery production and rate of fire.
Over a dozen analysts from the Royal United Services Institute wrote in a new report that Russia’s artillery advantage “is the single greatest determinant of the distribution of casualties and equipment loss, the balance of military initiative, the calculus of what is operationally possible, and thus the political perception of the trajectory of Russia’s full-scale invasion of Ukraine.”
Russian artillery is estimated to be responsible for more than 70 percent of Ukraine’s combat casualties.
The analysts at RUSI said that the West needs to disrupt the industries that are keeping Russia’s deadly and destructive howitzers firing before it’s too late for Ukraine.
Russia’s defense industry is growing through new facilities, supply imports, and mass recruitment, the analysts said. They said that, without interruption, Moscow will be better poised to strengthen its position in Ukraine within the next few years.
The report explained that “Russia is self-sufficient in many of its needs, especially in raw materials like iron ore, and may have enough machine tools and stored howitzers from the Soviet era to support its war in Ukraine.”
However, the analysts said, “the longer the war continues, the more Russia’s dependencies on foreign suppliers will become a weakness.”
…
“These vulnerabilities include placing sanctions on the supply of essential materials to Russia, preemptive purchasing of raw materials on the open market to prevent them from falling into the hands of hostile nations, or putting diplomatic pressure on countries to examine their domestic companies that are exporting goods to Russia.
One example the RUSI report gave was targeting chrome ore imports for barrel production. Another involved hindering the flow of machining equipment into Russia.
The analysts said that Ukraine’s Western partners should immediately prioritize disrupting Russia’s artillery supply chain because doing so for prolonged periods will make it more difficult for Moscow to maintain its howitzers and artillery ammunition.
This is critical for Ukraine. The analysts warned that “left on its current trajectory, Russian fire superiority will increase year-on-year and become less vulnerable to external disruption through pressure on the supply chain.”
The task potentially becomes even more urgent for the West as Russia continues to increase its security ties with China, Iran, and North Korea. The US has publicly expressed concern over Moscow’s deepening military relationships with its rivals and foes over the past few years.
Ukraine has managed to reduce Russia’s long-held artillery advantage and is increasingly taking steps to degrade its stockpiles of shells by using long-range drones to attack ammunition depots inside Russia, but more is needed to break Russia’s edge.”
https://www.yahoo.com/news/war-analysts-argue-west-needs-165537999.html
“There’s a straightforward logic to both candidate’s claims. Increased demand for housing, whether from immigrants or corporate investors, would be expected to increase prices.
But increased demand should also be expected to increase supply, bringing prices back down.
Corporate investors and immigrants also play an important, direct role in increasing housing supply. Investors supply capital to build new homes. Immigrants supply labor for the same.
At least one study has found that the labor shortages caused by immigration restrictions do more to raise the cost of housing than they do to lower it through reduced demand.”
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“one study has found that restrictions on investor-owned rental housing raised rents and raised the incomes of residents in select neighborhoods by excluding lower-income renters. Studies on the effects of rent-recommendation software have found mixed effects on housing costs. In tight markets, such software raises rents. When supply is loose, it lowers them.
As always, the ability of builders to add new supply is what sets the price in the long term. Both candidates gestured at this in their own way, although Walz was more explicit about the relationship.”
https://reason.com/2024/10/01/at-v-p-debate-j-d-vance-and-tim-walz-scapegoat-immigrants-corporate-speculators-for-high-housing-costs/
“experts say that the US food supply remains robust despite disruptions caused by coronavirus.
That doesn’t mean that a shopper will be able to walk into any supermarket at any time of day and find the items they’re looking for. Grocery stores have been facing spot shortages between restocking, which occurs overnight, so people might have better luck in finding what they need if they shop in the morning.
Still, the US Department of Agriculture hasn’t seen any nationwide shortages of food, an agency spokesperson told Vox.”
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“Most of what Americans eat comes from American growers, brokers, factories, warehouses, and distribution centers and is shipped on American trucks. Food production is also spread out across the country, meaning that crises in any one area won’t cripple the system. And many sectors don’t, for the most part, require intensive human labor, instead employing industrial-scale machinery.
Still, some food industries are hurting from the current crisis. Some meatpacking plants have shut down. Farmers are struggling to find buyers for their produce. The price of corn has plummeted, which could put some farms out of business and have a ripple effect on other food industries.
But the most pressing challenge lies not with America’s farmers, but with the supply chain itself. The supply chain has already had to adapt to America’s changing eating habits amid the pandemic — now, consumers are almost entirely dependent on supermarkets, rather than restaurants and the food service sector. The supply chain is still catching up to this sudden shift in demand, but most experts are optimistic that it can adapt.
The question, in other words, isn’t whether there will be enough food. It’s whether that food will end up where consumers can actually buy it.”