17 Apr 2023 7:01 am
Monderegal » 16 Apr 2023, 10:08 am » wrote: ↑ Most economists will tell you that price caps are a short term fix. Some say that housing is too expensive in America. Should there be some limit on pricing when it comes to housing? Here's some AI help:
Sure, I'd be happy to explain the pros and cons of capping housing rental prices.
Positives:Negatives:
- Improved affordability for renters: If housing rental prices are capped, renters will be able to more easily afford their monthly rent payments, leading to a reduction in housing insecurity.
- Greater stability: Capped rental prices would offer greater certainty and stability for both renters and landlords. This stability can lead to reduced stress for tenants, who may not have to worry about rent increases beyond their budget.
Overall, the pros and cons of capping rental prices are a topic of debate among economists, policy-makers, landlords, and renters. Any decision to implement caps would need to carefully weigh the potential benefits and drawbacks of the policy.
- Reduced investment incentives: Capping rental prices could negatively impact the development of new rental housing. Developers may be less likely to build or renovate properties if they lack the ability to generate returns necessary to cover their costs.
- Decreased availability: Capping rental prices could also result in a lower supply of available rental units in a given area. If landlords struggle to generate sufficient profits, they may choose to exit the rental market or convert units into other types of properties such as condos.
- Unintended consequences: There is a risk that capping rental prices could lead to other unintended consequences, such as higher move-in fees, less upkeep on rental properties, or lower quality rental units.
The actual price cap would be the original non debt based gold and silver money system (natures money not mans artificial money) where products and services would sometimes inflate but then also deflate. The current system is rigged to inflate without any corresponding wage inflation or less wage inflation so that it now takes three or four people to purchase the same goods and services as one person living back in the 1950s. Starts off with hard times for the poor and then effects everyone, College professors in Wiemar Germany stopped working because their paychecks stayed the same along with everyone else's paychecks, then because they had no skills other than mostly lies and fantasy land BS, they ended up out on the streets begging. USA city's have more people out in the streets begging every year.