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by shittyanalogy
4120 days ago
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Rent Control is about enabling community through housing stability. Places where the housing costs have skyrocketed out of the reach of anyone but investors are also the places with the lowest community participation and highest Landlord rights. If you want to run a city where only the rich have rights then don't have any rent control. But if you rent to people who aren't rich, and then when housing goes up you try to throw them out to make more money, they're going to want to get together, contact their politicians, and secure their housing stability. Just because you want to piggyback on the poor and lower middle class to float your investment until it starts making real money doesn't give you the right to complain about the poor and lower middle class for still being there. If you consider housing in one of the densest cities in the planet to be solely for investment purposes I think you have something wrong with your moral compass. |
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