This exists in a few places in the US under the term “rent stabilization” but it is not tied to interest rates or inflation and exactly who qualifies gets a little murky. Considering that housing is a basic human necessity I think some form of rent stabilization should exist everywhere. Market forces have their place but they are often disadvantageous to lower incomes and should be curtailed when we’re talking something that people can’t do without.
Well see that’s why I tied it to be directly related to the federal interest rate, as a balance to create class interests for both courses of action.
Basically it’d be a way to ensure the fed doesn’t get pressured too much to pursue bad interest rate policy like never raising it over 20 years until it’s too late and everyone’s mad about it.
This exists in a few places in the US under the term “rent stabilization” but it is not tied to interest rates or inflation and exactly who qualifies gets a little murky. Considering that housing is a basic human necessity I think some form of rent stabilization should exist everywhere. Market forces have their place but they are often disadvantageous to lower incomes and should be curtailed when we’re talking something that people can’t do without.
Well see that’s why I tied it to be directly related to the federal interest rate, as a balance to create class interests for both courses of action.
Basically it’d be a way to ensure the fed doesn’t get pressured too much to pursue bad interest rate policy like never raising it over 20 years until it’s too late and everyone’s mad about it.