The economists voted on what works, the party leaders on what feels good.
Like any price control, a rent cap crops supply. Investors aren’t stupid. They will not build rent-controlled housing if they can obtain a higher return doing something else. Landlords aren’t stupid either. If renting becomes less profitable, some of them will sell their units, as condominiums, to the well-heeled.
Other landlords will offset their loss of revenue by spending less on maintenance. The quality of housing will deteriorate, and a bureaucracy will be needed to police the increasingly bitter relationship between landlords and tenants.
if you have any decease family member that are X party, you’ll still get ballot and continue to vote
my dad passed away in 07 and continue to get ballot every year until i call their axx to stop sending ballot to a dead person
Still, interesting that someone from academia would publish such rubbish… Come on, most economists if not all have come out universally against rent control!!!
They just want cheap rent. Everyone is out for their own self interest. The real problem is the high cost of construction entitlements and land. If politicians ignore these issues and destroy landlords… next stop is Venezuela…
Ahhh, but that’s the thing right? If you remove rent control and allow the market to work its magic supply should increase thereby reducing rents. I say, let’s give it a try, shall we??? Supreme Court??? Hmmmm???
We need to reduce entitlement costs and zoning restrictions. Increase density and height limits too.
It is more than just a conservative vs liberal issue. Banning rent control is just a first step.
rubber stamped the commercials at first…lol
