Rent control is a stopgap measure. Without enough supply, it doesn’t matter how controlled the rent is if your odds of obtaining a unit are miniscule. Adding to the supply as a response to rising rental rates and property prices is the correct way to keep things stable. Which should be the govt’s job, but…
Rent control is a good first step. Building more is second.
Cooperations crying that controlled rent is bad bc it doesn’t let them build more… have they tried reducing the CEOs’ pay? And asking for government intervention in building houses?
Rent control is a stopgap measure. Without enough supply, it doesn’t matter how controlled the rent is if your odds of obtaining a unit are miniscule. Adding to the supply as a response to rising rental rates and property prices is the correct way to keep things stable. Which should be the govt’s job, but…
Rent control is a good first step. Building more is second.
Cooperations crying that controlled rent is bad bc it doesn’t let them build more… have they tried reducing the CEOs’ pay? And asking for government intervention in building houses?