Kinda worse tbh, because it used to be landlords would have to arrange a group call where they’d conspire to fuck us. Now it’s done by companies like RealPage automatically.
laws should change to make landlording uneconomical so they release those houses back into the market, lowering the prices.
no pity for those parasites
Landlording is almost uneconomical as it is in a lot of places. That’s why so many condos are completely vacant in expensive cities. People buy them and just hold them as a store of value, but don’t rent them out.
vacant property tax. Mamdani did it. it works
It hasn’t even started yet. Where’s the evidence that it achieves the goal of increasing the supply of affordable housing?
First, we need to ensure that the people who make the laws aren’t landlords.
the french already invented the perfect tool
Chairman Mao had a good crack at it n’all.
from what I understand, Mao’s purge of landlord was more akin to a purge of feudal lords.
not exactly the same, but close enough
Remember, you can create a housing co-op. Yes, it is a lot of work, but it will be a net good for society. (I have a strong and incorrect impression that this would be me giving money away. We need WAY more cooperative economic education.)
Also, you can marry a friend just to qualify for a mortgage (pre-nups!). Also, buying housing with friends is a thing.
The laws of economics are more volatile than some fantasy books’ magic systems (Brandon Sanderson my beloved)
“laws” like economics isn’t a psudo science.
yea, especially if someone owns half the rentable housing. they can then effectively control rent pricing. and if they own that much then they can often directly affect the marked.
They don’t even really need to wait. Check out the lawsuit against RealPage. https://topclassactions.com/lawsuit-settlements/investigations/realpage-lawsuit/
You can identify a leftist who understands economics with a simple test question: “what are the effects of rent controls?”
I will bite. Not unlike an increase in minimum wage, it increases competition at the margin among landlords, which increases amenities, and encourages families and economic activity. It needs to also be accompanied by enforcement of landlord citations as well as empty housing penalties though in order to have its full effect of reversing the trend of out of state management of private residential property and encourages self-ownership over time and better landlords. The empty housing penalties are because the landlords primary use of the properties is capital and so an empty unit is often more profitable in value than the cost of it sitting empty. Laws need to tip the scale to increase supply of housing and force their hands to release it back to people who can take on personal responsibility of the unit, whether that be a next door landlord or ideally a rent to own tenant or owner living there.
You did not mention the crucial unintended effect of rent controls.
neither have you for fkn HOURS bro. stop vague posting on ye soap box
What are the effects of rent controls?
Well, before I answer that I want to see if anyone else replies :)
