Or just undo the laws that tied them… since the bosses and the land lords are one and the same.
i bet they already fought legislature to make it so expensive.
What about differently sized apartments with different amenities? Sounds like this would force standardization and a race to the bottom on minimal amenities.
The issue is that you’ll just have an influx of the highest yield housing types. I think the best bet would be requiring a percent of your owned properties in a market, say 20%, to have rent not exceeding a cap tied to minimum wage. That’ll ensure at least 20% of the rental homes are at an affordable price for minimum wage earners, and open up the other 80% to be higher cost, better amenities, etc.
This adds additional nuance, and I like the idea. Thank you for taking my question seriously.
The NL has a points system with its rent caps, so nicer flats have a higher cap. I’m not saying there isn’t a housing crisis in the NL though.
Interesting! Do you see more builds being built at the higher cap, thus attributing to the housing crisis? Thank you for taking my question seriously.
@Ookami38@sh.itjust.works’s idea of having a portion be mandated for Minimum Wage rent has some teeth.
To be honest, what I see is that the market is frozen, and while there are a lot of different houses, almost all are occupied. I rent from a corporate landlord in a high-rise, and the law keeps them decent. That said, their occupancy is basically single digit units free out of tens of thousands in the NL. It’s bonkers.
I guess what I’m saying is that these measures, like min wage help band-aid over the absolute worst problems, but they don’t make the market good. More building, more units, especially if built by the government to alleviate problems, would be good. If I understand correctly however, the previous few governments were all leaning neoliberal, so that did not happen.
We see barely any building ever since the government introduced higher taxes on social housing corporations. And the nitrogen emissions are also very high due to industrialised agriculture, causing new build projects to stall (too many emissions in a certain area =/= no permit to build).
The bare minimum legally allowable is already the blueprint that landlords use. Have you looked at rentals lately?
I like the ideas that discouraging wealthy people from buying houses that they exclusively use for renting.
A milder version of this is what there is in Switzerland. In Switzerland a person cannot rent an house/apartment that costs more than 1/3 of what they earn.
While clearly there are more and less expensive areas, it kills the race to unreasonable prices (like, let’s say, NY or London or… everywhere) and allows essentially everyone to have an house (and who cannot still afford there are social helps but that is for another post)
Yeah, we’re pretty bad a social help in the US. That sounds just send a bunch of people into the streets.
I am not Swiss but I have lived here long enough to realise they don’t do that out of simple generosity.
They realise that desperate people do desperate things.
And this jeopardise things that the Swiss value like quietness, not having to worry about crime, etc.
In the end nobody is an island and if someone is desperate the whole society is impacted a bit by that single desperate… a lot of desperate people and the society is impacted a lot by it
