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The point is that, if you want to incentivize landlords to rent out places, this does this. Other people hear your story and rent it out to a responsible person
by HWR_14 5y ago
The point is that, if you want to incentivize landlords to rent out places, this does this. Other people hear your story and rent it out to a responsible person instead of waiting for a "nice family". Or they auction it off in the time they have and pocket the money.
Responsible people who don't rip up housing are sought after and pay a reasonable rental rate. People who buy and sit on property are taken out of the system. A new equilibrium is reached and most people take reasonable care of their rental properties they are given because they don't want to have to enter lotteries that will likely end them up in a slum. Homeless people end up in better than the street.
- selimthegrim 5y agoI’m not sure that was legal in USSR (private renting out) until well into perestroika
- HWR_14 5y agoThe USSR thing wasn't part of the conversation, and just is some "all government regulation is communism".
- djbebs 5y agoLandlord are already incentivised to do so, the reason they don't is because there are costs of doing it, which regulation magnifies