What about differently sized apartments with different amenities? Sounds like this would force standardization and a race to the bottom on minimal amenities.
The issue is that you’ll just have an influx of the highest yield housing types. I think the best bet would be requiring a percent of your owned properties in a market, say 20%, to have rent not exceeding a cap tied to minimum wage. That’ll ensure at least 20% of the rental homes are at an affordable price for minimum wage earners, and open up the other 80% to be higher cost, better amenities, etc.
To be honest, what I see is that the market is frozen, and while there are a lot of different houses, almost all are occupied. I rent from a corporate landlord in a high-rise, and the law keeps them decent. That said, their occupancy is basically single digit units free out of tens of thousands in the NL. It’s bonkers.
I guess what I’m saying is that these measures, like min wage help band-aid over the absolute worst problems, but they don’t make the market good. More building, more units, especially if built by the government to alleviate problems, would be good. If I understand correctly however, the previous few governments were all leaning neoliberal, so that did not happen.
We see barely any building ever since the government introduced higher taxes on social housing corporations. And the nitrogen emissions are also very high due to industrialised agriculture, causing new build projects to stall (too many emissions in a certain area =/= no permit to build).
Have you? In my city there are a wide range of sizes (flats/multi-room) in different areas (near different industry sectors) with different amenities (washer dryer hookups/pool/dog park/none) across different ages (new builds/recent/decades old).
What about differently sized apartments with different amenities? Sounds like this would force standardization and a race to the bottom on minimal amenities.
The issue is that you’ll just have an influx of the highest yield housing types. I think the best bet would be requiring a percent of your owned properties in a market, say 20%, to have rent not exceeding a cap tied to minimum wage. That’ll ensure at least 20% of the rental homes are at an affordable price for minimum wage earners, and open up the other 80% to be higher cost, better amenities, etc.
This adds additional nuance, and I like the idea. Thank you for taking my question seriously.
No problem! I always enjoy some good theorizing lol
The NL has a points system with its rent caps, so nicer flats have a higher cap. I’m not saying there isn’t a housing crisis in the NL though.
Interesting! Do you see more builds being built at the higher cap, thus attributing to the housing crisis? Thank you for taking my question seriously.
@[email protected]’s idea of having a portion be mandated for Minimum Wage rent has some teeth.
To be honest, what I see is that the market is frozen, and while there are a lot of different houses, almost all are occupied. I rent from a corporate landlord in a high-rise, and the law keeps them decent. That said, their occupancy is basically single digit units free out of tens of thousands in the NL. It’s bonkers.
I guess what I’m saying is that these measures, like min wage help band-aid over the absolute worst problems, but they don’t make the market good. More building, more units, especially if built by the government to alleviate problems, would be good. If I understand correctly however, the previous few governments were all leaning neoliberal, so that did not happen.
We see barely any building ever since the government introduced higher taxes on social housing corporations. And the nitrogen emissions are also very high due to industrialised agriculture, causing new build projects to stall (too many emissions in a certain area =/= no permit to build).
The bare minimum legally allowable is already the blueprint that landlords use. Have you looked at rentals lately?
Have you? In my city there are a wide range of sizes (flats/multi-room) in different areas (near different industry sectors) with different amenities (washer dryer hookups/pool/dog park/none) across different ages (new builds/recent/decades old).