Quote:
Originally Posted by misher
I’ve seen many owners that never raise rents because they like the tenant or are too busy with life. However then costs go up and they have to raise rents to keep up with them, or they are less able to pay the bills. Should the owner get screwed because he was nice momentarily? We’re basically rewarding owners who gave constant increases to keep up with the market while punishing those who were nicer by forcing them to maintain below market rents.
The old system of inflation+2% at least allowed people to catch-up slowly. The current system is just forced charity.
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Rent controls should only be in place to prevent forced-evictions via rent spikes.
Otherwise everyone either stops making rentals, or puts rentals at the highest possible values to avoid getting burned later on due to inflation.