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Supreme Court turns down rent control challenge
(www.latimes.com)
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this post was submitted on 20 Feb 2024
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Controversial opinion, but shouldn’t capitalism allow the free market to decide rental rates and tenancy durations? Why are rental incomes regulated. I completely understand having regulations for health and safety reasons (maintenance needs to be enforced, apartments need to be liveable) but why control the prices in a capitalist society?
In my opinion, basic human rights such as adequate housing shouldn't be left solely to the free market. That's just asking for human rights violations.
That said I'm kind of disappointed in how black and white this issue is usually dealt with on lemmy (I get the feeling most users have the opinion: capitalism equals evil)
In my ideal society, we as a society would facilitate basic housing for people where needed. Everything above the basic necessity of a roof above your head and a place for yourself (adequate housing), I think can be left up to the free market. I think the prices of the free market would be more 'proportional' if the free market knows it can't ask ludicrous prices because there's basic housing as a safety net.