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Impact of Rent Control (Patreon)

Published:
2024-07-21 15:32:53
Imported:
2026-06
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Content

The reason I share this is Sometimes it makes NO SENSE to own real estate. Check your locations.... This is stunning

Prime location

79K per Apt

Rent control policies predominantly exist in blue, Democratic-leaning cities.

When governments involve themselves in price fixing, such as implementing rent control, it is referred to as "price controls."

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Last chance

Lots of rent control in the Netherlands. Netherlands for its population has a very strong economy. Landlords make a profit but not excessive the policy has an additional effect on keeping the prices down in the area. Works well most people can afford to buy a house. So what's the issue here...

slumlordsmo

Most of the problem for areas with out of control rent is in locations where the cost of building (from local and state fees regulations) makes it very expensive to build. For example if you build a new home in northern CA you now need solar (probably with battery back up) and indoor fire sprinklers. So a small home is going to be 100K in requirements and building fees, before you have construction.

FreedomAintFree

No one will step up to their stance and buy a government rent controlled building? Why? Because that would be stupid. So why are you saying other people should pay for it when you won't? That's socialism and tax slavery! You laugh when others lose? Remember that statement.

Maine McEachern

One argument for rent controls is that they help protect (especially under-resourced) non-home-owning citizens' interests (to affordable, secure housing) by disincentivizing excessive speculation and corporate/unchecked profiteering from what arguably should not be considered a speculative asset class (i.e. shelter and the critical human need for it). Secure shelter for more people is not necessarily a bad thing. Rent controls suck if you're a landlord (especially one trying to maximize profit), but they're good if you're a tenant without many means. Whether they're "good" or "bad" depends on position and perspective.

GloMa

This is Rich property owner problems. If it was owned at a rate where th owner can provide descent profit w/o gouging th tenants, then it’s a win win. But if th owner doesn’t make ends meet they gotta sell. But if they want to charge market rent to make th most they can, then it’s a moral choice. Not everything is financial. People w/ this kind of money get to hav morals if they choose. they can protect their tenants from th shittier landlords. It’s called being humane.

Adam West

The housing crisis is most pronounced in areas under Democrat control. Granted, correlation isn't causation, but the coincidence is awfully hard to ignore. It boils down to lack of practicality and / or detachment by the ruling class. Big city Dems have a "let them eat cake" mentality.

Gareth Cymru

which is a good thing because it makes property accessible to people and stops others greedily buying all the property and renting it out to younger people who then find it impossible to save to buy a place. Well done NYC

Greg almon

The problem is the money itself. Its constantly debasing. That's why we are all here, to outrun the debasement. The problem with property is its a utility asset AND a financial asset now. I sold my properties because I knew eventually my tenants would not be able to keep up with the debasement and either 1. Would stop paying me or 2. Vote in a government that will institute price controls. Rent control won't solve the problem because its the money itself that is the problem. Remember, the road to serfdom lies in working exponentially harder for a currency that is growing exponentially weaker. If only there was another solution.....

CandyCoated

It just shows that inflation is out of hand. Our old homes in CA are really not worth $1mil. If only we can all boycott buying 2nd homes. After the millenials are in their first homes and the Boomers have died releasing their 2 home-ownership on average, we'll see the prices hopefully come down if not stabilize. My kids will buy then. 10 years left before the last boomer dies off.

BTCMiike

Other than a house in vermont which i live in most of the year and a campgound in Tennessee which i am in partners with my son i am out of the real estate game. between the cost of insurance, maintenance and taxes it made no sense anymore. I sold most in 2017 and bought BTC with the cash, best move i ever made GL2ALL