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this post was submitted on 09 Jun 2024
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That's bullshit. Nyc has rent stabilized apartments and it's fucking fantastic. Not perfect of course, but really really good. Those apartments are highly sought after. The biggest problem is that there aren't remotely enough of them
Almost like no one wants to build any because they can't be invested in and the only people it works for are those who already got one.
How strange. Probably wholly unrelated to rent control in any way.
So how much money someone can make from a property has no relationship to the decision to build more property?
Really?
Absolutely not. Economics, shmeconomics. Landlords bad. LALALA I CAN'T HEAR YOU LANDLORDS BAD ALSO BUILD MORE HOUSING
Maybe housing shouldn't be an investment?
It shouldn't be - but ill tell you right now that no one will be a landlord unless they can make money from it, and people who move out of home at 18 won't have the money saved to buy straight away.
Make no mistake, I don't like the housing crisis and its causes either but I know rent caps isn't how we fix it long term.
Why do we need people to be landlords?
Housing coops and government-owned housing work out fine.
Yes they could - but they aren't being used.
Plus, you know, that's socialism or communism or something else people don't like for some reason.