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by Manuel_D
746 days ago
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Making renting riskier doesn't inherently make property less expensive. If a shortage of rental properties makes more people want to buy condos and houses, then there's more demand for condos and houses. Making renting riskier also means that apartment buildings are less profitable and less likely to be built. A more likely outcome is that condos and houses get more expensive because of the shortage of apartments. And fewer apartments get built because investors know that they will not be able to kick out squatters. |
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As for apartments, they will still be financed by people who intend to live in them. Removing the landlord removes a huge margin, because you're nourishing a stranger.