4 ms·
A much better alternative for #1: simply improve tenant protections so much that renting out a property becomes a bad investment (to risky).
by SkeuomorphicBee 5y ago
A much better alternative for #1: simply improve tenant protections so much that renting out a property becomes a bad investment (to risky).
- bluGill 5y agoThat forces people who shouldn't own a house to buy one. Renting vs buying as which is a better investment is a complex calculation, but for some people renting is clearly better, and you have just ensured they are forced to make a bad investment.
- hyuuu 5y agoit's already pretty bad in tenant friendly areas and that's why those areas have severe housing crisis, not just in the Bay Area. Here is a more recent example: https://reason.com/2021/11/10/developers-halt-projects-mayor-demands-reform-after-st-paul-voters-approve-radical-rent-control-ballot-initiative/ https://reason.com/2021/11/10/developers-halt-projects-mayor... you'd want to incentivize the private market to purchase, maintain, market to distribute housing to the masses and the government does that through favorable taxes. Making them unprofitable would put the burden on the renters + government with no private money capital injection.