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Combine it with caps on rent increases.
by jim-jim-jim 6y ago
Combine it with caps on rent increases.
- epistasis 6y agoYou will still keep people out of the city that want to live there. Rent increases will be replaced with wait lists. I really wonder, why are you so opposed to giving people what they want, which just so happens to also meet BC's climate goals? Multi unit housing is much much better for the environment.
- seanmcdirmid 6y ago> Rent increases will be replaced with wait lists. That is basically what happened when I lived in Switzerland. Places were let at reasonable prices, but there was so much competition for supply that your best bet was to find something overpriced.
- Leherenn 6y agoIf the prices are up due to competition, it might be expensive, but it's not overpriced.
- nemothekid 6y agoThese types of solutions just add more and more band-aids all the way down. You add caps on rent increases, then people can't find new homes because builders will only build for the top end of the housing market due to the rent caps and people won't move out of their current homes because they don't want to lose their capped rent. If you want housing investments to be less valuable, just build more if it.
- pydry 6y agoPublic housing used to be the solution to this problem. Then they stopped building it.
- imtringued 6y agoThere are two sides to a market. For a landlord to charge high rents, there must be someone willing to pay high rent on the renter side. Those people won't go away if you mess with the price signal, if anything, more of them will arrive.