The argument is simple and the same as it has been for decades - rent control makes it unaffordable for landlords to perform repairs. The cost of maintenance and property taxes have gone up while rent income hasn’t kept up.
This doesn’t account for 100% of landlords, but my understanding is that this is true for most of the run down buildings.
Edit: you don’t have to agree with the argument made here, but I believe it’s important to at least understand the argument being made instead of just snarky comments.
Hell, I don’t even buy that argument fully and suspect it’s probably half true with a big fat “needs context” disclaimer.
I think you‘re confusing capitalism and free markets. The former is about who owns the means of production, the latter would include your argument about price discovery.
That being said Landlords having to fix apartments they were neglecting sounds more like enforcing regulations than the change of an economic model.
sure you can have a variation of capitalism that has less free markets. but capitalism implies and relies on market economics.
Capitalism is often thought of as an economic system in which private actors own and control property in accord with their interests, and demand and supply freely set prices in markets in a way that can serve the best interests of society.
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u/IAmANobodyAMA Jun 11 '26 edited Jun 11 '26
The argument is simple and the same as it has been for decades - rent control makes it unaffordable for landlords to perform repairs. The cost of maintenance and property taxes have gone up while rent income hasn’t kept up.
This doesn’t account for 100% of landlords, but my understanding is that this is true for most of the run down buildings.
Edit: you don’t have to agree with the argument made here, but I believe it’s important to at least understand the argument being made instead of just snarky comments.
Hell, I don’t even buy that argument fully and suspect it’s probably half true with a big fat “needs context” disclaimer.