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Rent control changes the math on this. Obviously location dependent but it can have a significant effect.
by 01100011 5mo ago
Rent control changes the math on this. Obviously location dependent but it can have a significant effect.
- bigfishrunning 5mo agoRent control causes other problems, such as lack of supply and lack of maintenance.
- hunterpayne 5mo agoThe markets with rent control have astronomical increases in rent when compared to markets without rent control. Also, you lose supply when there is a unit that it doesn't make sense to renovate because the future rent won't be high enough to cover it. So it remains unrented instead.
- julianeon 5mo agoSure, but from the perspective of the individual renter (who arguably doesn't have the power to change rent control law anyway), their point stands.
- danesparza 5mo agoI mean, I would argue that's why rent control exists in the first place: Because there is a market with astronomical increases in rent (not the other way around, like you are suggesting)
- danesparza 5mo agoAbsolutely. Other things that change the math: - Only allowing individuals to rent living spaces (no corporations) - Only allowing individuals to buy houses (no corporations) - Not allowing corporations to buy influence in Washington DC Anything that puts the focus back on what's the ethically and morally right thing to do for humans changes the math. And don't get me wrong: I'm a capitalist. But for some reason, some capitalists really get upset with this kind of language. I wonder why?