I don’t know anything about rent control or about housing economics in general. I’ve always rented and have never had too much of an issue finding something.
But, as I’ve grown older I’m becoming less and less in favor of how insanely capitalist America and Americans have become. Would controlling rent based on housing value or some other means work?
If you’re renting out an apartment building worth 500,000 and you have 5 units, so roughly 100,000 a unit, rent can only be so and so much. Enough for the landlord to make some money and to do maintenance but not screw renters as well. I’m sure this isn’t a great idea for the “American dream” type of people who feel they can charge or do whatever they want since this is America, but the American dream certainly feels like it turned into a myth years ago.
Again I’m ignorant on this subject, and maybe that’s the way rent controlled suppose to work, but I am curious.
Shadowheals t1_iuj59b4 wrote
Reply to comment by the_ocean in Accurate by seanner_vt2
I don’t know anything about rent control or about housing economics in general. I’ve always rented and have never had too much of an issue finding something.
But, as I’ve grown older I’m becoming less and less in favor of how insanely capitalist America and Americans have become. Would controlling rent based on housing value or some other means work?
If you’re renting out an apartment building worth 500,000 and you have 5 units, so roughly 100,000 a unit, rent can only be so and so much. Enough for the landlord to make some money and to do maintenance but not screw renters as well. I’m sure this isn’t a great idea for the “American dream” type of people who feel they can charge or do whatever they want since this is America, but the American dream certainly feels like it turned into a myth years ago.
Again I’m ignorant on this subject, and maybe that’s the way rent controlled suppose to work, but I am curious.