4 ms·
>If the rent is too high why not just give people money and let them spend it on rent? This doesn't work because the money will go straight to landlords. Rent
by aeternus 8y ago
>If the rent is too high why not just give people money and let them spend it on rent?
This doesn't work because the money will go straight to landlords. Rent prices simply increase across the board. There's even an argument that indirect improvements, like building parks and improving infrastructure, generally does not benefit renters since it drives rental prices up. Landlords reap the majority of the benefit.
Building more would definitely help, but that is directly against the interest of existing landlords. They will fight it hard since it will generally erode their views and decrease their property value.
We really need a solution that incentivizes higher density where there is high demand.