Source: Ludwig von Mises Institute
by Diyar Kasymov
“Is building more homes not enough? Recently, there have been more and more Gen-Z memes about boomers selling their overvalued houses to Blackrock instead of to young couples, and then the corporation rents the house to the couple for 2x the price. The housing crisis is not a false alarm. The median rent price went up 25 percent in just 6 years. This is a serious economic problem for America. Many young people are already being radicalized by this, as they are willing to elect socialist Zohran Mamdani — who called for abolition of private property once — as the mayor of New York City. But what can we do? Are rent controls now relevant, as globalization and financialization changed the rules of the game? Can European-style social-democrats like Mamdani, Bernie, and AOC control the markets elegantly enough to maximize supply?” (11/18/25)