4 ms·
Controlling rent is the surest way to discourage new housing capacity addition. If your profits are capped fewer people will be interested in entering the marke
by Karishma12347 7y ago
Controlling rent is the surest way to discourage new housing capacity addition. If your profits are capped fewer people will be interested in entering the market.
- ummonk 7y agoA cap of 7% plus inflation will prevent price gouging but not really put any limitation on rents from keeping pace with market rents.
- asdff 7y agoYou can come back to market price between tenants. Rent control doesn't discourage new construction: https://dornsife.usc.edu/assets/sites/242/docs/Rent_Matters_PERE_Report_Web.pdf https://dornsife.usc.edu/assets/sites/242/docs/Rent_Matters_...
- TuringNYC 7y agoI realize the reasonable 7% cap prevents this in Oregon’s case, but in NYC you will find rent controlled apartments kept thru two generations, now used as storage only because the cost is so low. Sometimes a rent controlled apartment can cost less then a storage unit after 30yrs.