return2ozma'Renters Are Struggling': Economists Back Tenant-Led Push for Federal Rent Control
flossdailyMy understanding is that rent control backfired pretty spectacularly in the long term.
The better plan here would be to stop companies from buying residential properties, to incentivized the conversation of commercial properties into apartments, to penalize banks and individuals who are sitting on unused residential properties.
Oh, and wipe out all student loan debt so that younger generations have a prayer of buying a house someday.
girlfreddyWho told you rent control backfired? Cause that's a lie. It was just never adopted as widely as it should have been, and rich owners always have the ear of lawmakers ... the same can't be said of poor/working poor people.
Like… Every economist:
Capitalist/free market* economists.
Rent control works just fine in a more socialist model, especially when the government is a prime builder of housing without seeking profit, as almost every European country was during the 50s-70s. It’s only when government gets out of house building and everything gets privatisated and for-profit that rent control fails.
Don’t know if you’ve noticed this yet, but the United States has a capitalist economy.
circuitfarmerThe US has lots of socialized losses but privatized profits. To call it a capitalist economy is a gross oversimplification which glosses over the fact that no corporation is actually competing in a free market at this point.