The first US town to demand a rent decrease

[Eugene Fedotov]

This is a very long article pinning landlords and tenants against each other. Anyone who thinks about increasing rents after purchasing properties with under market rents should give it a second thought. How long before other jurisdictions get the same brilliant idea?

https://amp.theguardian.com/us-news/2023/mar/07/new-york-housing-rent-costs-kingston-tenants

[Nathan Gesner]

Quote from @Eugene Fedotov:

Rent control always creates more problems than it solves.

I can't even bring myself to read the entire article because it's the same thing over and over again. The first tenant wants to continue living in an area that is no longer affordable? She can't afford to live there, but she has five animals? She could make her life better by packing up and moving to an affordable community, but she refuses because she feels the world owes her something.

We can't all live in Jackson Hole or San Diego or Manhattan. The first Corvette cost $4,780 in 1969. Is it fair for the government to tell me that I have to sell one today for the same price?