It would be a crisis for renters. Land owners by definition already have a place to stay, but the second you implement price controls you’re going to see the rental market go into convulsions. The correct solution is to Just Tax Land.
tax unoccupied spaces at high rates to compensate.
Doing just this would help quite a lot today. A bunch of properties sit vacant because it’s cheaper to just pay the taxes and let the property appreciate than it is to bother with renting.
It would be a crisis for renters. Land owners by definition already have a place to stay, but the second you implement price controls you’re going to see the rental market go into convulsions. The correct solution is to Just Tax Land.
There you go
Well sure, people would stop renting in protest, and you’d have to tax unoccupied spaces at high rates to compensate.
It would crash the real estate market, which arguably needs to die since availability is artificially scarce due to wealthy hoarders.
Doing just this would help quite a lot today. A bunch of properties sit vacant because it’s cheaper to just pay the taxes and let the property appreciate than it is to bother with renting.