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Well, rent prices would stop increasing if you drive all landlords out of the rental business. If there isn't anything available to rent, technically the prices would stop increasing.
The more logical solution is to address the supply issue - the real problem here. Seems like every housing proposal in my area turns into a bureaucratic nightmare. Too many NIMBY baby-boomers with nothing but cash and time opposing every new development.
Well, rent prices would stop increasing if you drive all landlords out of the rental business. If there isn't anything available to rent, technically the prices would stop increasing.
"Drive all landlords out of the rental business". Might be some un-intended consequences there, don't you think?
Well, rent prices would stop increasing if you drive all landlords out of the rental business. If there isn't anything available to rent, technically the prices would stop increasing.
Supply and demand is pure economics. Prices will rise as supply falls. No property to rent and people will be begging and paying under the table as they do now to find a building lot in our city.
Why would the entire state need this? Most of the state is EXTREMELY affordable. For those municipalities that feel the need for rent control, then their city councils should just vote it in.
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