| ▲ | nradov 2 hours ago | |||||||
Tenant "protection" laws are the type of idiocy that economically illiterate progressive politicians always produce. They end up having the opposite effect by making property owners less willing to rent out to anyone. The only effective way to protect tenants is to set public policies that encourage new housing development. When there is a housing surplus, the laws of economics force landlords to treat tenants well. Build more housing! | ||||||||
| ▲ | woodruffw 38 minutes ago | parent | next [-] | |||||||
There's an economic floor for the price of housing: the amortized cost of the building and its maintenance, plus taxes and overhead imposed by governments, utilities, mortgages, etc. In other words: even in a plentiful housing market, there will always be someone who struggles to pay rent (including transiently), because a rational housing market can't offer $0 rents. Tenant protection laws exist to protect that person from a landlord who would otherwise be incentivized to throw them onto the street. | ||||||||
| ▲ | senectus1 an hour ago | parent | prev [-] | |||||||
sure because a property owner is going to not rent out a property and just take the month on month hit for having an empty property. They'll either rent it or sell it. There is a middle ground, just need to find that point. | ||||||||
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