Doesn’t work - this also eliminates any investment and repairs into a property that has already reached that cap. This is where you get slum lords and no future builds.
On the other hand, put in a mass government housing development program that is rent controlled and doesn’t need to profit would both increase housing stock, improve investment in quality to attract tenants and lower rent prices.
Doesn’t work - this also eliminates any investment and repairs into a property that has already reached that cap. This is where you get slum lords and no future builds.
On the other hand, put in a mass government housing development program that is rent controlled and doesn’t need to profit would both increase housing stock, improve investment in quality to attract tenants and lower rent prices.