Another way of looking at this is landlords won’t be able to fancy up units and jack up prices which push out low income renters. Also, if landlords can’t make a profit, they will sell which will allow more people to buy rather than be forced to rent. This does decrease the number of rental units in the future which could drive up prices, but it could be combined with a plan to renovate office spaces into apartments to counteract this.
Rent freezes make landlords only do the bare minimum maintenance required by the law since they can’t increase rents when doing any remodelling.
Another way of looking at this is landlords won’t be able to fancy up units and jack up prices which push out low income renters. Also, if landlords can’t make a profit, they will sell which will allow more people to buy rather than be forced to rent. This does decrease the number of rental units in the future which could drive up prices, but it could be combined with a plan to renovate office spaces into apartments to counteract this.
Lmao how many properties do you own?
Honey landlords already do the bare minimum.