With the absurd increases of rent globally, record profits for landlords, and massive amount of empty properties have these laws worked?
If properties are seen as an investment, as they currently are, they must always increase in value at a greater rate than inflation. This means that, in order for investment properties to work, housing must always become more expensive. This increases rent and makes buying a home more impossible yearly. If they lower in price, then the investment fails. The cost of making housing accessible is the economy.
The issue isn’t simply increasing rent arbitrarily this is a marathon. They’ll raise rent at a higher rate than workers accrue money as they currently are. This makes housing unaffordable. UBI is a band-aid solution that doesn’t fix the root issue.
Even Adam Smith agreed landlordship was a poor idea in a capitalist market. Renters should accrue equity, or housing should become public.
There are many different categories of landlord, residential housing, and rent agreements, and also lots of states and countries on Earth. It’s not accurate to say
which limits the height of the rent they can charge and the maximum yearly increase.
Depends on where you live. In my country there are basically 2 classes: social housing and free market. Which one your home is is based on one thing: the rent you paid when you initially started living there. For each year, a threshold is set for social housing. Anything that is rented out under that threshold in that year will be considered social housing for however long the tenants stay there. Everything above it is free market.
For social housing, there is a point system that determines the maximum rent. Points are awarded based on the house itself. For example: each bedroom adds certain number of points, same for bathrooms and other features. Once you have the total number of points, you can look up the maximum rent in a table.
For both social and free market properties, there is a maximum annual rent increase.
It depends on local regulations. There’s no federal law that limits the rent increase, if given notice. Like I’m pretty sure NYC has some kind of rent control, but at least here in Oklahoma it’s not common.
Edit:
I found this, and I now feel worse
the state has rules that prevent local governments from creating their own rent control laws. In simpler terms, landlords in Oklahoma have the power to decide how much rent they want to charge without any legal limitations from the state or local authorities.
That’s insane! The law of the land is that you can’t ban things that limit profit for those with capital. It reminds me of a law that preventsgun bans in Atlanta, GA.
You can’t just arbitrarily raise the rent to whatever you like.
You must live in VENEZUELA or some other SOCIAMIST HELLHOLE!
Americans have the freedom to literally arbitrarily raise the rent to whatever they like YEEEEEEHAW!
Yeah, the socialist hellhole that is the Netherlands. Ranked 8 in the Index of economic freedom (USA is #25)
Yeah, I agree, we should abolish landlords
Landlords also have to comply with the law, which limits the height of the rent they can charge and the maximum yearly increase.
With the absurd increases of rent globally, record profits for landlords, and massive amount of empty properties have these laws worked?
If properties are seen as an investment, as they currently are, they must always increase in value at a greater rate than inflation. This means that, in order for investment properties to work, housing must always become more expensive. This increases rent and makes buying a home more impossible yearly. If they lower in price, then the investment fails. The cost of making housing accessible is the economy.
The issue isn’t simply increasing rent arbitrarily this is a marathon. They’ll raise rent at a higher rate than workers accrue money as they currently are. This makes housing unaffordable. UBI is a band-aid solution that doesn’t fix the root issue.
Even Adam Smith agreed landlordship was a poor idea in a capitalist market. Renters should accrue equity, or housing should become public.
There are many different categories of landlord, residential housing, and rent agreements, and also lots of states and countries on Earth. It’s not accurate to say
for rental housing in general.
Depends on where you live. In my country there are basically 2 classes: social housing and free market. Which one your home is is based on one thing: the rent you paid when you initially started living there. For each year, a threshold is set for social housing. Anything that is rented out under that threshold in that year will be considered social housing for however long the tenants stay there. Everything above it is free market.
For social housing, there is a point system that determines the maximum rent. Points are awarded based on the house itself. For example: each bedroom adds certain number of points, same for bathrooms and other features. Once you have the total number of points, you can look up the maximum rent in a table.
For both social and free market properties, there is a maximum annual rent increase.
It depends on local regulations. There’s no federal law that limits the rent increase, if given notice. Like I’m pretty sure NYC has some kind of rent control, but at least here in Oklahoma it’s not common.
Edit: I found this, and I now feel worse
That’s insane! The law of the land is that you can’t ban things that limit profit for those with capital. It reminds me of a law that prevents gun bans in Atlanta, GA.