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Old Yesterday, 12:12 PM
 
Location: New York, NY
7,810 posts, read 3,067,600 times
Reputation: 3035

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Old Yesterday, 01:55 PM
 
Location: Staten Island, NY
8,270 posts, read 6,776,984 times
Reputation: 7496
Not NYC related.
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Old Yesterday, 02:11 PM
 
1,318 posts, read 409,711 times
Reputation: 2772
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.
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Old Today, 01:32 AM
 
2,325 posts, read 962,529 times
Reputation: 2171
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.
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Old Today, 05:06 AM
 
Location: Pennsylvania
11,004 posts, read 3,702,895 times
Reputation: 8458
Quote:
Originally Posted by Lekrii View Post
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?
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Old Today, 05:11 AM
 
3,686 posts, read 9,417,701 times
Reputation: 6600
Quote:
Originally Posted by Lekrii View Post
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.
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Old Today, 07:08 AM
 
Location: Duluth, MN
671 posts, read 318,872 times
Reputation: 1131
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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Go Back   City-Data Forum > General Forums > Economics
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