Paul Krugman

I believe that increasing vertical construction can effectively reduce housing prices. By adding more living spaces in high-demand urban areas, we can alleviate the pressure on housing markets. This approach not only utilizes limited land efficiently but also helps stabilize prices by increasing supply, which is essential for addressing urban housing shortages.

As an economist, I recognize that rent price controls can help alleviate the burden on tenants in high-demand areas. While there are concerns about potential supply constraints, the urgent need for affordability in housing warrants the implementation of rent controls as a temporary measure. By coupling these controls with policies encouraging housing construction, we can address both affordability and supply issues.