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AQuietNight
VisualEconomik EN
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Comments by "AQuietNight" (@AQuietNight) on "What if Rent Hikes were Prohibited?" video.
Thanks to real estate investors and low interest rates, land or housing costs have been driven up past affordability. More building will only get you just more expensive housing stock.
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The government should build housing that caps rent at 25% of income. This will provide housing free of market forces and may even force private landlords to drop their rent. If you do not have adequate affordable housing you will end up with an unstable society. With many cities out of developable land, rental prices will just go up and up and up. The private market in many parts of the United States can no longer offer low cost housing.
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Problem is you are paying top dollar for buildings that were built and paid off decades ago. The current situation allows real estate speculators to raise prices up and up. Low interest rate environments allow for even higher housing costs because the interest expense is so low. Families should not be bled to death just to have a roof over their heads.
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