'Renters Are Struggling': Economists Back Tenant-Led Push for Federal Rent Control
'Renters Are Struggling': Economists Back Tenant-Led Push for Federal Rent Control
"We have seen corporate landlords—who own a larger share of the rental market than ever before—use inflation as an excuse to hike rents and reap excess profits beyond what should be considered fair and reasonable."
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Ok what is the catch? No way in heck economists are on our side.
Maybe they are noticing that if enough slaves die they are next to pick up the shovel.
They want us to buy up property at inflated values (both price and interest rate) then default in a few years so they can buy them up in foreclosure auctions at a steep discount.
Probably.
"The enemy of my enemy is my friend."
Economists want a perfect supply-demand capitalist dreamland. Demand drastically outstripping supply indicates something is wrong with The System^TM and that's not acceptable, so they want to fix The System^TM .
It's clear the demand is there, so it's not a consumer problem. The supply is super-limited and being reduced every day. That's a supply problem. The only options are incentives (don't really work in this situation) or regulation (which economists hate but no other choice).
I assume most economists just don't want to see what happens when that system reaches an absolute breaking point, so sign on for regulations it is.