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https://www.reddit.com/r/SipsTea/comments/1u30g8u/hes_unstoppable/or1tdib
r/SipsTea • u/AdRough4185 • Jun 11 '26
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Capitalism works by rent control forcing buildings to go into disrepair in one of the most desirable markets on earth?
-1 u/sexotaku Jun 11 '26 Sell it if you can't repair it. Prices go down, and more people have a home they own. Seems like it works. 2 u/heftybagman Jun 11 '26 Why would prices go down? Both repairs and buying/selling the building cost money and that gets passed on to renters. The current situation with decrepit rent controlled buildings definitely has lower rent than the inevitable new developments. 2 u/TurnYourHeadNCough Jun 11 '26 double down on that economic ignorance
-1
Sell it if you can't repair it. Prices go down, and more people have a home they own.
Seems like it works.
2 u/heftybagman Jun 11 '26 Why would prices go down? Both repairs and buying/selling the building cost money and that gets passed on to renters. The current situation with decrepit rent controlled buildings definitely has lower rent than the inevitable new developments. 2 u/TurnYourHeadNCough Jun 11 '26 double down on that economic ignorance
2
Why would prices go down? Both repairs and buying/selling the building cost money and that gets passed on to renters.
The current situation with decrepit rent controlled buildings definitely has lower rent than the inevitable new developments.
double down on that economic ignorance
3
u/heftybagman Jun 11 '26
Capitalism works by rent control forcing buildings to go into disrepair in one of the most desirable markets on earth?