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Old Posted Sep 27, 2024, 1:55 PM
MonctonianSentinel01's Avatar
MonctonianSentinel01 MonctonianSentinel01 is offline
I Rise Again
 
Join Date: Mar 2016
Location: Moncton
Posts: 596
I can't believe that Holt is suggesting to have a rent cap, when we know that the problem is the demand is too high. We see in New York that hasn't played out very well. To me this is an empty promise, how is she going to lower rents? What about those buildings that have been bought or constructed for a large amount of money. She can't lower rents so that they are losing money. This will more than likely allow places to deteriorate or even have developers to look at NB in an unfavorable light so that they won't want to build here. Increasing the strain on housing supply even more.
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