it'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:

it'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.