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Rent Control and Other Government Policies
Our current president is supposedly floating a policy idea of rent control to no more than 5% annually. History shows us the actual opposite of what he and others claim will happen will actually take place. Instead, there will be unintended consequences that will negatively impact the very people they claim to be for. I was one, during eviction moratorium, that said it was unconstitutional and a violation of property rights and contract law. I also said it would end up being a big mess and ultimately would hurt the very people they claimed it would benefit. I had many on Bigger Pockets that initially thought I was off base, cruel and heartless.. Well, history shows what happened both in terms of marginal tenants ultimately getting hurt (as did many landlords) and the Supreme Court ruling the Eviction Moratorium as unconstitutional.
I see the whole idea of rent control, which is just another form of government invasion for political hopes, being bad for everyone. Thoughts?
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- Rental Property Investor
- SE Michigan
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Politicians pander to the ignorant and uninformed, which includes the media.
NAA is leading a big campaign right now to push back hard on Biden's "rent control everywhere" policy by blanketing Sens and Reps with voter feedback.