Vitalik Buterin
@vitalik.eth
The voters banned banning banning banning charging too high rent. (To be clear I'm in favor of this, the best way to keep rent low is buidl buidl buidl)
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shazow
@shazow.eth
How do you solve for predictability/stability? If you buy a home, you lock in your costs for 5-30 years, why don't renters deserve some of that stability too so they can make longer term plans and set roots in their neighbourhood?
2 replies
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Out of Element
@outofelement
I'll give you one example from a country where I've lived for a while, Turkey. They had rent control while the inflation went completely out of control (US inflation is child's play in comparison). This resulted in rents becoming effectively almost nothing in terms of hard currency like USD or EUR completely screwing property owners.
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Out of Element
@outofelement
The only way to do rent control fairly is to attach it to inflation and salary data. Rents shouldn't effectivity become much cheaper with time which is what happens with a hard cap.
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