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Crosspost: Beyoncé selling "only listening" tickets
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this post was submitted on 07 Aug 2023
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She personally doesn't, but it is a rather simple case of supply and demand for everyone else involved - there are only so many that fit in the concert, as long you find enough people willing to pay $900 per ticket to sell them all, it doesn't make any financial sense to price them any lower. And if you do lower it while the market is still willing to pay significantly more, you quickly get swamped by scalpers grabbing the profit from you instead.
There is a Finnish saying that goes something like "He who asks is not the stupid one, the one who agrees to pay is".
It's a common justification, but "if I don't do [bad thing], then someone else will do [bad thing] instead, but worse" feels like an excuse we've heard before.
After all, there's systems you could put in place to handle scalpers.
But Ticketmaster et al actually have them baked into the business plan, so have no intention of making change.
It's the same reason there's no politicians trying to bring rents down. They're all bloody landlords.
Similar, not same.
Both are supply/demand equilibrium, and will always reach the price the market is willing to pay.
With Beyonce, the richest 10k (or so) fans are the ones who will buy the tickets, either through direct payment or scalpers. You could do things like name tickets with photo ID required to present, but the wealthiest who were willing to pay the scalper would still buy anyway. Taylor swift tried lowering her prices for actual fans with a point system, and got hauled over the coals for it.
The housing market is different. If you set a price control on rent you remove any incentive to improve your rental property or invest in new builds as you no longer receive the payoff from the risk - resulting in slum lords and large stocks of the cheapest, shittiest technically houses that you can get. Supply never moves, demand naturally increases over time and property never gets invested in.
What evidence are you basing your analysis of the effect of price controls on housing based on?
Germany and Austria have price controls on rents, and rental housing is generally much higher quality (and, unsure if cause/effect, much more socially desirable) than say, England. In England, which has no price controls, almost a quarter of rented accommodation is "non-decent" (by the English government's low standards) – and where 18% of members of Parliament are private landlords (not to mention those whose spouses / parents / business partners are).
Sorry, can't look up peer reviewed sources at the moment.. or copy paste for some reason. Its worth noting that the price controls are no more than 20% higher than local properties at the start of tenancy, and no more than 20% increase over 3 years. Still allows for roughly 40% increase Oliver three years and there are discussions on how landlords are taking advantage.
Guardian discussed how companies are discouraged from building in Germany and fuelled demand for existing stock.
Germany population is also in a slow decline (like, -0.xyz%) so new builds aren't as necessary as other places.