[kareemsabri]

> How are you posing this as a bad thing?

It should be self-evidently a bad thing that a small number of people benefit from artificially low prices, up to 1/3rd of whom are not low income (from what I've read).

I don't have a strong opinion on whether rent should be "allowed to rise above inflation", though I don't think you understand how pricing works in a market system. There is a market clearing price, which is not dictated by the price that the owners buy it for.

I'm not opposed to more radical solutions to housing distribution, as a lifelong renter I'm certainly not happy about the money I pay in rent annually, but I don't see how the status quo of rent control does much to help control prices.

I also pay a very high rent currently, but my landlord also loses money on the building maintenance and upkeep, as well as regulatory compliance costs. So it's not that simple.

[einpoklum]

> It should be self-evidently a bad thing that a small number of people benefit from artificially low prices

1. Nothing artificial about it.

2. Just expand the fraction of rent control and more people will enjoy it.

3. If X% of renters are in rent-control apartments, they don't contend with us on non-rent-controlled properties. That's not a huge effect but it's _an_ effect.

4. "My landlord also loses money" - ok, I call BS. Either you're not a renter or you have some other kind of ulterior motive. Your landlord makes money off of you, and is not renting out as a form of charity; plus, they're already rich, owning (most likely) their own accommodation and the apartment they rent out to you.