Of course rent control doesn't work when all your rental units are built with private funding.
Public housing works quite well with rent control. Taxpayer funded housing - not private or private-public cooperatives that require dangling subsidies or the promise of future profits in front of the would-be developers
No one should be getting wealthy off of housing yet here we are.
While I won't weigh if rent control works or not, all the voices against the measure are from realtors and rental companies, so, I honestly don't think is that bad of a decision based on that fact alone.
2 Comments
GrackleBirb@lemmy.ca · 15 pts · 42d
Of course rent control doesn't work when all your rental units are built with private funding.
Public housing works quite well with rent control. Taxpayer funded housing - not private or private-public cooperatives that require dangling subsidies or the promise of future profits in front of the would-be developers
No one should be getting wealthy off of housing yet here we are.
Dentzy@sh.itjust.works · 4 pts · 42d
While I won't weigh if rent control works or not, all the voices against the measure are from realtors and rental companies, so, I honestly don't think is that bad of a decision based on that fact alone.