- Oct 20, 2013
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- #741
Better yet, ask a far-right conservative ex-economics teacher. That would be me.Former St. Petersburg mayoral candidate and outgoing City Council member Robert Blackmon was the only vote against that city’s proposal. He said rent controls would hurt developers and encourage builders to look elsewhere for new home and apartment sites.
Wait.....controlling the price of something may reduce the supply? That's crazy.
Just ask any liberal economics teacher.
Your answer is that nobody at reducing the price of anything. The "price" of housing is what it was before the lunacy of raising prices 50-100+% took over.
So if a 1 bdrm apt was $550/month VERY RECENTLY, and then lunatic landlords raised it 110%, to $1,150/mo, the actual price is $550/mo. So, if the price (rent) is restored to $550/mo.. that is no change in rent, and no reason for supply to be reduced.
If the landlord has some real reason to raise price, to account for some increased cost, it should be OK for a maximum increase of 10% (Not ONE HUNDRED & 10%). This is how it has always been, and should continue to be. Landlords and tenants have been OK with this all along, for decades. No need for any change.