Rent control is stupid.
“Rent control appears to be the most efficient technique presently known to destroy a city – except for bombing,” Swedish economist Assar Lindbeck
Actually having to move is a violation of basic human rights and you’re a bad person
So people should be able to live in someone’s house indefinitely?
People shouldn’t be allowed to make a business out of owning multiple houses.
They system that allows for it is broken not the people doing it.
This is what people fail to understand, you think banning people from owning multiple houses or rent control will magically fix the issue. It won’t, it will just make things a lot worse for the renter and for the first time buyer. Life isn’t that easy. You can’t just “solve” an issue you really don’t understand by making simple laws.
Forget the opinions of foreign economists… especially when they’re in countries who may have even more thorough tenant laws than we have. It’s not an apples-to-apples comparison.
Even still, rent control is important. Renters need to have stability in their month-to-month payments, and there doesn’t need to be an easy way to force people out of their homes (e.g., jacking up rent 200%).
Contracts should be long enough to offer stability. Fix the laws then.
Toronto issue is the public transport is terrible. Needs more rail to high density hubs around the city. But the real issue is the ridiculous immigration levels 20 percent of Canada is Immigrants. Of course all that’s going to happen is it will keep houses increasing in prices and keep wages down.
Good for businesses and land owners bad for the everyday Canadian.
To be long enough to offer stability, contract length should be up to the tenant, extendable by the tenant as many times and for as long as they should want.
Stability should be for the tenant, not for the landlord.
That’s completely ridiculous.
Rules like that would negatively impact the renter because no one would lease.
I’ve never met an online community as economically illiterate as lemmy. This is not how the real world works, you can’t just will things to work a certain way. Rules like that would be a disaster.
Actually, if no one is leasing, maybe that could be the ticket we need to give us the “housing bubble burst” people have been hoping for for decades. Everyone sells their extra homes simultaneously… sounds great! Lol
Not going to happen. Its not a bubble if demand increases more than supply. Even if the bubble bursts don’t expect much.
Go look at the bursting bubble in 2008 and look at how longnit took for prices to return then exceed 2008 prices.
Demand needs to decrease or supply needs to increase, or both.
Making it harder to lease will reduce the amount of housing available on the market and will futher reduce the supply.
If people aren’t going to lease, won’t they sell anything they’re not living in?
They’d either rent it out, sell, or sit on an empty home.
If they’d be content sitting on an empty home, then we just need to tax empty homes. (Which would be great for those landlords who have 20 “homes” in their townhouse for international students…)
This is your brain on neoliberal brainwashing. It’s not your fault.
I’m not a neoliberal.
Just because you stupid idea is stupid doesn’t mean I’m a neoliberal. It’s just a terrible idea.
