If rent is frozen and it becomes unprofitable those units won’t stay empty. You’d need more than just a rent freeze but housing could become affordable again if it wasn’t treated like an investment or profit venture. Get all the corporations to hate it and prices will fly down.
Lol yeah, no. The prices would come down rather than be held indefinitely with no hope of occupants. I admit this will effect the people with 2 properties before the massive corporations. But its better than just allowing this irrational market.
Not even, regulations are written in blood and theres plenty of ink for this one. That is, of course, if the government is willing to do their jobs and regulate corporations out of home ownership. They dont belong in it.
Demand shrinks, dont forget to mention that. What happens when demand shrinks?
How is demand going to shrink?
If rent is frozen and it becomes unprofitable those units won’t stay empty. You’d need more than just a rent freeze but housing could become affordable again if it wasn’t treated like an investment or profit venture. Get all the corporations to hate it and prices will fly down.
As I said elsewhere, they will be sold to owner occupiers most likely.
Which is a massive problem for those not in a position to buy.
Lol yeah, no. The prices would come down rather than be held indefinitely with no hope of occupants. I admit this will effect the people with 2 properties before the massive corporations. But its better than just allowing this irrational market.
the large real estate corps can just sit on the houses for a long time. 1-2 properties owners are even well off,
Not even, regulations are written in blood and theres plenty of ink for this one. That is, of course, if the government is willing to do their jobs and regulate corporations out of home ownership. They dont belong in it.
Probably by people buying apartments or moving away