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Why it's time for a serious debate about rent control in Canada
(financialpost.com)
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this post was submitted on 29 Nov 2024
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Economists almost unanimously agree that rent control is a short term reprieve that causes long term problems.
Don't control rents, control land values with land value taxes (not the same as property taxes)
If you take away the profit motive for owning a home, the whole current system collapses and housing returns to the price it should be based on it's usefulness as a house not an investment.
The full context of this is economists don't think it's a long term solution but their other proposed solutions is even less accepted by politicians and the masses.
As such like many of the larger problems we have we're left with a temporary solution that's implemented long term.
When people criticize rent control at best what they're saying is if we bottom out on a problem the only way we could go is up. Ala electing Trump.
Their other proposed solutions aren't accepted by politicians and the masses, because there's too many people benefitting from the system fucking the next generation to want to change it. We're literally living in the largest pyramid scheme ever constructed.
Montreal had rent control for a long time and renting only became a problem when the bubblification of real estate got imported to Quebec from the rest of Canada.
Renting only became a problem when it became a problem elsewhere... oh... well then it looks like it didn't work well did it.
The Canadian rental market, famously a victim of rent control.
Who said anything about the Canadian market having tried rent control?
Plenty of other places have tried and failed at it though.
While I don't support rent control, let's be real econmists are cheap regime whores who say whatever their owners need them to say so that plebs accept the fuckening.
If you're trying to imply that rent controls are good by your statement, can you show me anywhere that's implemented them that has affordable housing prices?
It's not like they haven't been tried, they just continually fail.
No country needs rent controls. They need ownership controls. As in, nobody should be able to own more than 1x primary residence and 1x holiday house &/or investment property. Period. No company should ever be allowed to own residential land/property, except for the duration of a build (with hard limits for development/build/sale that prevent artificial price controls).
Neoliberalism/conservatism have failed humanity for housing security, financial & economic security, national security, employment security, mental and physical health, education, civil liberties; the list is endless. Continuing this several-decade failure any longer is insanity.
No we don't. Ownership controls are such a stupid way to deal with the issue.
People should be able to own as much as they want, they should just have to pay everyone else for that privledge (through taxes), rather than profiting off it. Pay for what you use, the more or the more desirable, the more you pay.