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?
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Vitalik Buterin
@vitalik.eth
One answer: a big problem with the rent control approach is that it turns tenancy into a de-facto partial property right that is nontransferable. One fix: make it transferable. (If you take this path to its logical conclusion, you arguably eventually get Georgism) Another answer: a long-term commitment to keep housing prices low, eg. strict limits on zoning restrictions. Houston, Japan, etc seem to work quite well on that model.
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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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Luis Taniça
@matallui
You lock your mortgage costs. Insurance and house maintenance costs are constantly increasing.
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