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High rent in the cities seems more like an example of basic economics than a problem worthy of attention. It's a simple supply vs. demand situation. The only
by innocentoldguy 10y ago
High rent in the cities seems more like an example of basic economics than a problem worthy of attention. It's a simple supply vs. demand situation. The only way you're going to reduce rent in the city is to build more city for people to live in, i.e. increase supply. I guess you could use the big guns of government to force property owners to lower their rents, but that is immoral, in my opinion.
- amazon_not 10y agoIt's not immoral, just counterproductive. Rent controls never make things better, just worse.
- innocentoldguy 10y agoI disagree. If I buy an expensive piece of rental property in a city center as an investment, then the government comes in and forces me to lower my rent through some strong-arm, artificial means, they are stealing from me by keeping me from reaping the full, market-supported rewards of my investment, and theft is immoral.
- amazon_not 10y agoYou are not entitled to a return on investment. When you make an investment, you expose yourself to risks, including regulatory risks. Nothing immoral about it and certainly no theft. In case you think we are talking hypotheticals here, what you are describing is exactly how rent control works.