• wolfpack86@lemmy.world
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    5 months ago

    One of the issues is if material costs to maintain the property increase steeper than this cap.

    Though the solution is pretty practical – cap it at inflation.

    • halcyoncmdr@lemmy.world
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      5 months ago

      Don’t really care honestly, since the prices they’re charging now are nowhere near their operating costs as it is.

      They can take a hit to their profit. Or sell an “unprofitable” property.

      • yeahiknow3@lemmings.world
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        5 months ago

        This is the truth. You need to create conditions that make renting unprofitable and unsustainable, and all of a sudden property prices will begin to fall as landlords sell. This happened in London after WW2, when renting was over-regulated and most of the residents ended up owning their own apartments as landlords sold off property. After deregulation, the reverse trend began again.