UK has lots of politically-allocated housing too, but its main problem is that it's not adding enough new stock because of the restrictive planning system.
Shouldnt that be public-allocated vs private-alocated?
Both could be politically minded, or something else
Actually, a market-allocated one is always a political allocation since it's got the idea that rich people deserve better housing than poor people asked into the market.
A century ago it was the world's 10th wealthiest state per capita. Right now it tops the list of the upper middle-income group, so is almost a high-income country, and per capita is richer than, for example, Russia.
Exactly. It went from a rich nation to a poor nation, to default, back to poor and free markets, then to progress then again back to the IMF. It’s a classical basket case country.