

Efficiency and resilience are opposing forces. Think of the spare tire on a car. Is it efficient to carry around a fifth wheel all the time? No. But it is resilient because it will make it possible to quickly recover from a disruption (i.e. a flat tire).
The housing system needs a certain degree of resilience or people end up homeless. If that costs landlords money, too damn bad. It’s the job of government to force them.









They can open up Cayman Island bank accounts just like the billionaire tax evaders.