• HappycamperNZ@lemmy.world
    link
    fedilink
    English
    arrow-up
    19
    arrow-down
    2
    ·
    7 months ago

    Doesn’t work - this also eliminates any investment and repairs into a property that has already reached that cap. This is where you get slum lords and no future builds.

    On the other hand, put in a mass government housing development program that is rent controlled and doesn’t need to profit would both increase housing stock, improve investment in quality to attract tenants and lower rent prices.