It's right there in the OP link:
That is becoming less and less true. Due to the rent moratorium, many individual renters were plowed under and their properties were sucked up by LLC's.
Seriously, you need to pay attention. This topic is about a congressional bill to limit rent increases.
Encourage people to provide rental housing? What the hell does that mean?
Hell no. I dumped my house and wish I'd done it sooner.
The second-best way to destroy a city is rent control.
Then build some apartments and rent them out for $900.
Some places have actually banned that.
Some people have no interest in the millstone and unpaid part-time job that is owning a house. I'm in a nice apartment for not much more than JUST THE PROPERTY TAXES on my house.California has been working on that by slowly getting rid of single family home zoning.
What just happened with single-family zoning in California?
Gov. Gavin Newsom signed legislation that allows more than one unit to be built on lots zoned for only one. It sounds technical, but it's a major change in California housing policy. Here's what it means.www.latimes.com
In the end they want people to rent, to live in crowded and dense areas. To rent is to live in a endless loop of working just to have a place to live, always sipping away at your finances to perpetually be paying money for something you will never own.
I used to rent then one day I said "this is stupid, I pay almost in much in rent as I do a mortgage payment". So I bought a house on a acre of land, I still pay through the nose but one day it will belong to me. A renter never owns anything.
But it goes a long with what the world economic forum wants, to us be happy by not owning a thing. Rent control will perpetuate that and will be the government putting it's foot further in the door of people's lives.
Not owning anything is slowly encroaching on our lives. Even Apple (a member of the world economic forum) is getting people used to the idea by introducing a plan to have apple users rent their phones by subscripting to hardware.
Bloomberg - Are you a robot?
www.bloomberg.com
In the end rent control may sound great to everyday dumb people because to them they are being taken care of but they will pay just as much but other means as renters invent new ways to get their money.
Remove the regulatory constraints that landlords face, stop making it nearly impossible to evict bad tenants and offer tax incentives for the construction and operation of rental housing. Is that simple enough for you?
That is the stupidest thing ever posted on the internet.
Rental prices and mortgage prices are generally very close.
I'm still not understanding. How do you encourage people to provide rental housing when they are already providing rental housing? It sounds to me like they want people to start renting out rooms in their houses, or in some other way talking them into renting out spaces which currently aren't for rent now.
Horseshit.
Removing regulatory constraints landlords face and increasing evictions does not make more rentals available. Landlords are already renting and if you evict a person to be replaced with another person then you aren't making any progress. Now tax incentives for the construction and operation of rental housing would increase rentals available.
Tax incentives and reducing taxes encourage people to buy and hold rental properties. Has nothing to do with renting out rooms. Increasing taxes encourages people to do less of whatever you're taxing. The theory isn't difficult to understand except, seemingly, for Democrats. It has a name, the Laffer Curve.
