EvilCat Breath
Diamond Member
- Sep 23, 2016
- 79,489
- 55,452
- 2,645
Plenty of people stand by wrong ideas. Rent control leads to slums. Eventually the property has an accidental fire or just gets abandoned.Nobody can afford 1200 bucks a month for a studio; 2500 a month for a 1 bedroom; 3500 a month for a 3 bedroom. There are not enought hours in a day to work 3 jobs just to pay that, plus utilities, plus gas to get to work, plus food, plus health insurance. The only way that kind of money can be made on rent is to put bunk beds in each bedroom and charge rent PER HEAD, which is what is being done in college towns. For the regular joe and jane, its impossible to find something affordable. This lays on the home owner wanting as much as they can possibly get and that is set by others doing the same thing with their properties..hence, high rents nobody can afford as single or as families even with a job.Rent control is the fastest way to destroy cities short of bombing them. Maybe it can destroy states just as fast.Rent control.Solution?
Rent Control is Worse than Bombing - Econlib
Rent control is needed. I stand by that.
In Carson, San Juan Capistrano and San Clemente rent control is used to keep mobil home space rent low. Landowners can still raise rents or the property taxes would soon eclipse the rent. Apartments didn't fare so well. They fell to condo conversions.