But they still would not be able to keep up with inflation, and this would just be one more stone on a heap of other regulations that make it not worth building housing.
Sure there will be some building, but it will be greatly decreased to what it would. If anything the builders will just do spec homes or move out of the market. I actually moved from a state with a cap (Oregon), and most of the landlords (including myself) just sold off any residential real estate.
But they still would not be able to keep up with inflation, and this would just be one more stone on a heap of other regulations that make it not worth building housing.
Might be depend on your area but around me we’ve had a cap for a few yesrs and units are still going up (not necessarily affordable ones).
Sure there will be some building, but it will be greatly decreased to what it would. If anything the builders will just do spec homes or move out of the market. I actually moved from a state with a cap (Oregon), and most of the landlords (including myself) just sold off any residential real estate.
As a landlord, you might be a little biased?
I am no longer a owner of residential real estate, I do only commercial at this point. I am just telling you the impacts of the laws they make.
Wouldn’t they just calculate the net present value of the average rental? Most people don’t rent at one place for long, and everybody dies eventually.
Maybe the landlords would be willing to rent all the unused housing then.