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As Rent Prices Increase, More States Consider Rent Control

As Rent Prices Increase, More States Consider Rent Control

Democrats in a handful of US cities want to mitigate increasing rent prices by imposing caps. 

Like most socialist ideas, rent caps sound good on paper but don’t work in real life. Here’s why:

Rent prices are high because there aren’t enough places to live. The obvious solution is to build more apartments.

Instead, Democrats want to limit rent increases to make housing more affordable. This will dissuade cities from building more apartments, exacerbate the housing shortages, and discourage landlords from making improvements to existing properties.

Nonetheless, Democrats are convinced that rent caps will help.

In February, Oregon passed a law which limits rent increases to 7% plus local inflation. Lawmakers in Colorado and New York are considering similar moves.

In California, rent control advocates are collecting signatures for a new ballot proposal that would give jurisdictions the ability to impose rent limits on properties that are at least 15 years old. The proposal also restricts rent increases on empty units.

“Among the 17 million renters in California, the suffering is unabated,” argues Michael Weinstein, who supports the proposal. “Not only do we see increased homelessness, but the affordability crisis has reached epic proportions with many people paying 50% or more of their income to keep a roof over their head.”

Rents in California are notoriously high. The average price for an apartment in San Francisco is about $3,600 per month (that’s about twice as high as Miami and Chicago).

The prospect of rent control comes during a time when the apartment business has been strong, and analysts expect the new bills to have a negative effect on the industry.

“It has been proven time and again that rent control does not work,” argues Sid Lakireddy, president of the California Rental Housing Association. “We do not need more distractions and resources spent on failed policies but instead we need policies that encourage more affordable and accessible housing.”

Editor’s note: Its amazing to me that after seeing every socialist experiment fail (the Soviet Union, Venezuela, etc.), they still drag out these kinds of policies and expect them to produce good results.

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8 Comments

  1. Roger Terry

    Former V.P. Biden is a proven pedophile freak.
    The VIDEO evidence has been shown,several instances in fact,on news shows.
    He rubs his groin against girl CHILDREN in the videos.
    He also does this to adult women in the videos.
    At photo opps ,he grabs the females,obviously against their wills.This PERVERT is outeageous.
    He us using his political office/high title ,betting that no one ,at that time,objects in public.
    The U.S. Secret service,inva book,had/have standing directives to steer the children away from this PERVERT FREAK.
    HE SHOULD BE KILLED.

    Reply
    • Ike Zen

      We should report the above comment to the Secret Service, but we probably won’t and just hope the Russians can push us over the line in 2020. Right, gang?

      Reply
      • boone1

        Idsiot moron

        Reply
    • Jennifer

      I probably would not complain to Biden in public if he rubbed up against me either because I would be too shocked to speak!
      But I am sure the incident would live in my mind forever because of the outrageous physical violation. That’s just not right to do that to anyone. He IS A PERVERT. Wonder why his wife has neve spoken to him about it. Then again, maybe she has, but that it is so ingrained in him that he can not help himself. He does NOT belong in public office or anywhere where there are crowds of unwary people of all ages. Why does everyone on the Left make excuses for his behavior? I know the Left throws civil behavior to the 4 winds . . . YIKES!

      Reply
      • Helen

        By the way, speaking of his “Drop Dead Gorgeous”wife (which is how he always used to describe her, where is she?? Shouldn’t he be parading her around now that he’s going for his third try at the presidency?
        He is repugnant.

        Reply
  2. Bill

    Ideas like this stifle the incentive to improve one’s financial standing on both ends. If the rent is too high, you find a way to make more money, or you get a roommate. By the same token, if a landlord cannot make a profit on his investment, the incentive to buy real estate, new or old is destroyed. Liberals are idiots.

    Reply
  3. Travis Wolf

    I would not trust the DIMS to fix one issue… and usually screw it up even more. fuck off DIMS and DIM ideas!

    Reply
  4. Lowell

    How much housing would be freed up if all the illegal residents were returned to legal status?

    Reply

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