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After my father died, my mother rented out the lower floor of her home. I think your definition of desperate is unfair it it includes only tenants. Not all "lan
by TuringNYC 6y ago
After my father died, my mother rented out the lower floor of her home. I think your definition of desperate is unfair it it includes only tenants. Not all "landlords" are taking on the headache of renting out units because they are professional landlords -- many are similarly disparate, have mortgage payments, property tax, repairs, utilities, etc.
I'd be in more favor of rent control if it would also freeze property taxes, electrician bills, utility costs. It is turtles all the day down.
- thephyber 6y agoYeah, lots of the problems with rent control are related to it being an unfair disadvantage to some (usually not all) landlords and they have expenses as well. But again: the reason rent control is passed is because enough people with significant political leverage were hurting. We need to be able to show them a better alternative if we don't want the pain of rent control's (un?)intended consequences to linger.
- zhoujianfu 6y agoThe alternative is allowing more housing development.
- electricviolet 6y agoThe real alternative is more housing development plus treating housing as a social good rather than an investment, but that's a long-term goal, it's not gonna happen overnight.
- mywittyname 6y agoMost places with rent control also have similar limits on property tax increases. In fact, I think most places have limits on property tax increases because property taxes are largely just some number pulled out of the ass of some bureaucrat. Utilities across the US also have regulated rates.