16 ms·
Agreed. The way I see it, rent controls are a punishment to the landlords for fighting against the construction of additional housing. Real estate investment
by Sohcahtoa82 4y ago
Agreed.
The way I see it, rent controls are a punishment to the landlords for fighting against the construction of additional housing.
Real estate investment is a cancer. It creates such horrible perverse incentives that prevents a large chunk of the population from every being able to own the place they live. They'll be paying rent their entire lives.
And before someone accuses me of just being a sour renter, no, I own my home. I paid $338K for it in 2015, and it's now estimated to be worth $650K, and I think that's just stupid and bonkers. Many homeowners would probably cheer about that, but all I think about is how expensive all the homes in my neighborhood have gotten. If I was still working the same job I was in 2015, and my salary had merely kept up with inflation, I wouldn't be able to afford the house I'm in now at today's price, and that's just ludicrous to me.