5 ms·

Sure, but the same thing happens to landlords. If they can afford the buy in, then they keep their properties and charge as high a rent as possible. Usually you

by dv_dt 8y ago

Sure, but the same thing happens to landlords. If they can afford the buy in, then they keep their properties and charge as high a rent as possible. Usually you find landlords slowly expand their holdings over time, and if your city can't support enough private buyers, then it becomes predominantly landlord owned and there are no affordable places anywhere. So the question becomes, if not rent control, then what do we do to keep our cities livable to a range of people?

rahimnathwani 8y ago
"then it becomes predominantly landlord owned and there are no affordable places anywhere" I'm not sure I follow. Why would a large proportion of properties being owned by landlords reduce affordability? "So the question becomes, if not rent control, then what do we do to keep our cities livable to a range of people?" Allow people and companies to build apartment buildings, either on green field sites, or by knocking down houses. Stop allowing existing property owners (NIMBYs) to veto new building.