4 ms·
Turn the rental market on its head and cap enforceable rent at 20% of the renters household income at the time of signing the lease. Landlords would compete for
by vannevar 4y ago
Turn the rental market on its head and cap enforceable rent at 20% of the renters household income at the time of signing the lease. Landlords would compete for higher-income renters, but there are only so many of those to go around. They would also probably offer under-the-table deals to renters who want to live in a more desirable area and don't have the income, but that's ok, they wouldn't be able to evict someone if their circumstances changed and they were unable to pay the extra.
An interesting thought experiment, in any event.
- ars 4y agoThat's a great way of generating tremendous numbers of utter slums. Landlords would subdivide houses into individual rooms and rent them out. > they wouldn't be able to evict someone if their circumstances changed and they were unable to pay the extra. Maybe not via the courts, but they would just shot off the water, and the heat, and then invite unwanted guests to live in the "unoccupied" apartment, until the non-paying tenant left.
- vannevar 4y ago>Landlords would subdivide houses into individual rooms and rent them out. Isn't our current crisis primarily a shortage of low income housing? Is all low income housing a "slum"? Landlords would be competing for good renters, so they would be incentivized to offer good living environments. >Maybe not via the courts, but they would just shot off the water, and the heat, and then invite unwanted guests to live in the "unoccupied" apartment, until the non-paying tenant left. They couldn't do so legally as long as the tenant continued to pay the official rent amount, any more than any landlord can currently shut off utilities to a tenant who is paid up on their rent.