Housing as a human right: is a "revolution" in market regulation coming?
A recent report from Ireland's NESC suggests imposing stricter regulations on private rentals, including taxes on vacant homes. This aligns with a broader European trend of increasing rental market controls, as many countries face rising rents. The report highlights the need for moderate rent increases and tax incentives for landlords. In the U.S., the Biden administration is also considering tenant protections amid rising housing costs, with some states already implementing rent control measures. New York's rent stabilization shows significant savings for tenants compared to the free market. Overall, the push for housing as a human right is gaining momentum globally, prompting discussions on market regulation.