"We have seen corporate landlords—who own a larger share of the rental market than ever before—use inflation as an excuse to hike rents and reap excess profits beyond what should be considered fair and reasonable."
Depends on your definition of “success.” Countries such as Holland, France, Canada, Germany, and China all have caps on the amount by which a landlord can increase rent in any given year, usually by law it’s less than 5%, or indexed to inflation (but with 5% as the max). These laws are incredibly popular with renters and have been around for decades.
Berlin implemented a hard rent freeze in 2020 which was extremely popular with renters, but not with landlords, naturally.
Vienna is famous for its successful housing strategy, which includes rent control. In fact, try searching for images of Viennese social housing and you’ll quickly see they have swimming pools and gyms. That’s considered a luxury where I am. The only caveat being there’s a waiting list, but honestly if you told me I’d have to wait a bit for that kind of housing I’d be 100% fine doing private rent for a year or two before getting social housing hopefully for the rest of my life.
Can you name some countries/policies where it’s a continuing success?
Depends on your definition of “success.” Countries such as Holland, France, Canada, Germany, and China all have caps on the amount by which a landlord can increase rent in any given year, usually by law it’s less than 5%, or indexed to inflation (but with 5% as the max). These laws are incredibly popular with renters and have been around for decades.
Berlin implemented a hard rent freeze in 2020 which was extremely popular with renters, but not with landlords, naturally.
However, rent control isn’t just a hard price cap like back during the war, there are many nuanced aspects, see here for information: https://www.theguardian.com/commentisfree/2021/apr/23/berlin-rent-cap-defeated-landlords-empty
Vienna is famous for its successful housing strategy, which includes rent control. In fact, try searching for images of Viennese social housing and you’ll quickly see they have swimming pools and gyms. That’s considered a luxury where I am. The only caveat being there’s a waiting list, but honestly if you told me I’d have to wait a bit for that kind of housing I’d be 100% fine doing private rent for a year or two before getting social housing hopefully for the rest of my life.
https://www.theguardian.com/society/2017/dec/12/vienna-housing-policy-uk-rent-controls