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Rent control prevents people who currently have homes from being displaced. It also limits the degree to which housing is a commodity investors can profit off o
by door5 7y ago
Rent control prevents people who currently have homes from being displaced. It also limits the degree to which housing is a commodity investors can profit off of & the degree to which they can exploit their tenants. It is obviously not a complete solution to the housing crisis (and no housing advocate claims this) -- a complete solution means rent control and building more housing, especially high quality public housing.
- freedomben 7y agoAs long as rent control prices existing homes above the cost of new construction, then there won't be a problem. However if rent controls cap the price at below the cost of new construction, nobody is going to build. They would be losing money if they do that.
- door5 7y agoThe state can build housing then if it's not profitable. Housing is a public good and a right, it should not be a product or investment.