• wolfpack86
    arrow-up
    6
    arrow-down
    8
    ·
    4 months ago
    link
    fedilink

    One of the issues is if material costs to maintain the property increase steeper than this cap.

    Though the solution is pretty practical – cap it at inflation.

    • halcyoncmdrEnglish
      arrow-up
      37
      arrow-down
      0
      ·
      4 months ago
      edit-2
      4 months ago
      link
      fedilink

      Don’t really care honestly, since the prices they’re charging now are nowhere near their operating costs as it is.

      They can take a hit to their profit. Or sell an “unprofitable” property.

      • yeahiknow3
        arrow-up
        19
        arrow-down
        0
        ·
        4 months ago
        edit-2
        4 months ago
        link
        fedilink

        This is the truth. You need to create conditions that make renting unprofitable and unsustainable, and all of a sudden property prices will begin to fall as landlords sell. This happened in London after WW2, when renting was over-regulated and most of the residents ended up owning their own apartments as landlords sold off property. After deregulation, the reverse trend began again.

        • General_Effort
          arrow-up
          1
          arrow-down
          0
          ·
          4 months ago
          link
          fedilink

          What happened to the number of new apartments being created?

    • Skydancer
      arrow-up
      2
      arrow-down
      1
      ·
      4 months ago
      link
      fedilink

      And this is somehow not a problem for salary increases?