Tuesday, September 19, 2023
Commentary: Rent Control Is the Wrong Solution for Housing Affordability
My family moved to the United States from the Caribbean in 1985. About eight years later, my parents saved enough to purchase a two-family home in the quiet outskirts of Boston far away from our crime-ridden neighborhood. As landlords, my parents charged modest rents—enough to “help with the mortgage”—and ensured that the first-floor apartment was always well maintained for our tenants.
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But, muh generational wealth!
ReplyDeleteI don't know. You can't swing a dead cat without hitting a new apartment complex being built.
ReplyDeleteTry swinging a live one and you might see different results.
DeleteI have a neighbor, good guy mostly, that has never owned a home, always been a renter..... He has the typical renters attitude about the cost of rental prices and has gone on about the rental property next door to him, different owners.. He seems to think it's all profits and the price should be lower so I briefly layout all the expenses of being a property owner/landlord That'll usually quite him down for a few months before starting up again..
ReplyDeleteJD
One factor is most "affordable" rental housing is occupied. By illegals. Get rid of the illegals and you make a huge dent in the affordable housing problem. And a lot of other problems.
ReplyDelete