4 ms·

This is an easy problem to solve, regulate the amount of profit you're legally allowed to make from renting land you did not create. We do this in other indust

by shimman 10mo ago

This is an easy problem to solve, regulate the amount of profit you're legally allowed to make from renting land you did not create. We do this in other industries all the time. Health insurance is heavily regulated to ensure that there are profit caps (think 80/20 rule) this means that the company is legally compelled to actually spend a certain amount on customers of said product. Imagine if landlords were compelled to spend 80% of their rent dollars in improving the space or helping the renters.

estearum 10mo ago
> Health insurance is heavily regulated to ensure that there are profit caps (think 80/20 rule) this means that the company is legally compelled to actually spend a certain amount on customers of said product. This notoriously does not work at all. Look up pay-vider structure and the type of manipulation of medical loss ratio it enables.
noahbp 10mo ago
How does this help young people who want to move to a new city, but can't because all apartments are already rented because rents are far below market rate? This is reality in cities like Berlin and Stockholm. You need more housing. Rents in Austin have collapsed because the city made it legal to build a lot more housing.
- shimman 10mo ago
  You should look at Vienna public housing then, rents there are typically less than 20% of the median monthly salary. Socialized housing works for the people that want to live and make a community with the limited time on this Earth they have. It doesn't work for landlords that just want to extract wealth from others. Relying on private developers that only want to build luxury housing is kinda how we're in this current mess. Expecting them to solve the problem we know, build more housing, is just silly. They didn't do it when money was the cheapest it ever was the last 15 years, they aren't going to start building it now. This is why the government needs to step in and build more/better public housing. It works for Vienna, this young chap even speaks about it at great length: https://www.youtube.com/watch?v=LVuCZMLeWko https://www.youtube.com/watch?v=LVuCZMLeWko I sure hope he goes into politics, we need people with this type of imagination to better our society and give us hope for a better future which we can create now, not later.
hnburnsy 10mo ago
Which led to insurers to purchase PBMs, hospitals, and doctor groups. The law of unintended consequences. Landlords will get around this by raising other fees but not calling them rent, like pest control, garbage pickup, coffee room supplies, pets...landlords could do this all day long.

by shimman 10mo ago

estearum 10mo ago

> Health insurance is heavily regulated to ensure that there are profit caps (think 80/20 rule) this means that the company is legally compelled to actually spend a certain amount on customers of said product. This notoriously does not work at all. Look up pay-vider structure and the type of manipulation of medical loss ratio it enables.

noahbp 10mo ago

How does this help young people who want to move to a new city, but can't because all apartments are already rented because rents are far below market rate? This is reality in cities like Berlin and Stockholm. You need more housing. Rents in Austin have collapsed because the city made it legal to build a lot more housing.

shimman 10mo ago
You should look at Vienna public housing then, rents there are typically less than 20% of the median monthly salary. Socialized housing works for the people that want to live and make a community with the limited time on this Earth they have. It doesn't work for landlords that just want to extract wealth from others. Relying on private developers that only want to build luxury housing is kinda how we're in this current mess. Expecting them to solve the problem we know, build more housing, is just silly. They didn't do it when money was the cheapest it ever was the last 15 years, they aren't going to start building it now. This is why the government needs to step in and build more/better public housing. It works for Vienna, this young chap even speaks about it at great length: https://www.youtube.com/watch?v=LVuCZMLeWko https://www.youtube.com/watch?v=LVuCZMLeWko I sure hope he goes into politics, we need people with this type of imagination to better our society and give us hope for a better future which we can create now, not later.

hnburnsy 10mo ago

Which led to insurers to purchase PBMs, hospitals, and doctor groups. The law of unintended consequences. Landlords will get around this by raising other fees but not calling them rent, like pest control, garbage pickup, coffee room supplies, pets...landlords could do this all day long.