Comment on Twenty-one cities in India will run out of groundwater by 2020parentComments−gingabriska7yI must ask, does Paris or Luxembourg has slums like Mumbai has? Higher prices doesn't stop people below poverty line from coming to Mumbai and living below the standards here.−barry-cotter7yNo, in part because they don’t have rent control that has frozen rents since 1947 or urban planning laws which make building densely illegal.https://marginalrevolution.com/marginalrevolution/2017/04/tw...https://mru.org/courses/principles-economics-microeconomics/...
Comments
I must ask, does Paris or Luxembourg has slums like Mumbai has? Higher prices doesn't stop people below poverty line from coming to Mumbai and living below the standards here.
No, in part because they don’t have rent control that has frozen rents since 1947 or urban planning laws which make building densely illegal.
https://marginalrevolution.com/marginalrevolution/2017/04/tw...
https://mru.org/courses/principles-economics-microeconomics/...