Why it’s so hard to find an apartment you can afford
Why it’s so hard to find an apartment you can afford
Finding a new apartment to rent can be a slog. And with over half of US renters already paying more than 30% of their income — the standard threshold — it is clear there’s an affordability crisis.
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Not a fucking thing about a lack of rent control or the fact that huge megacorporations are buying up all the apartments.
Last year, Jeff Bezos bought half a billion dollars worth of residential homes. It took him all of two days to accumulate that money.
But the article claims it's that there aren't enough apartments for everyone! Could that possibly be total and utter bullshit?
You mention rent control and hateful people come out of the woodwork to attack you.
um actually rent control (alone) historically has made housing worse, reduced housing quality, and raised prices 🤓🤓🤓
That's if you mean price capping by "rent control," if there is anything else, I don't have anything to say about any other type of rent control, as I don't know much about those.
Every rent control argument I have seen involves specific neighborhoods that are rent controlled. If you apply it universally, those problems would not be an issue.
All you have to do is peg a price cap to inflation.
Virgin California rent control vs Chad New York rent control