We can’t jail them without a law that makes it illegal.
And if we introduce rent control, we need to replace it with other incentives to build new apartment buildings. Ideally ones that create a slight oversupply of housing. Otherwise, in a decade or so, you get cheap rent but tons of homeless people because the supply is insufficient.
Building apartments currently cost about a quarter million per unit. Plus interest on the mortgage. Most potential landlords don’t just have millions in liquid funds.
Nobody will be taking out loans like that if they
won’t even earn their investment back if everything goes to plan.
We can’t jail them without a law that makes it illegal.
And if we introduce rent control, we need to replace it with other incentives to build new apartment buildings. Ideally ones that create a slight oversupply of housing. Otherwise, in a decade or so, you get cheap rent but tons of homeless people because the supply is insufficient.
The incentive is that its what is good for society and good for everyone. The ince tive is doing good. Because people need places to live.
Needs of the many vs needs of the few and all that.
Laws can be made. Laws are all made in the first place.
Building apartments currently cost about a quarter million per unit. Plus interest on the mortgage. Most potential landlords don’t just have millions in liquid funds.
Nobody will be taking out loans like that if they won’t even earn their investment back if everything goes to plan.