Quote:
Originally Posted by Manic!
In the last 10 years rents and property values have also doubled to tripled. You can't have it both ways.
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You are correct.
That doesn't change the fact that many families still have mortgages, and if their rates are going up (expenses), one would think they could raise the rate of the product they are selling (rental housing).
I don't see how it's having it both ways? The landlord like all business owners take all the risk, they should get all the reward. That's how a capitalistic society works. The government is essentially making landlords subsidize renters by capping rental rates.
The rental rates should go up with CPI inflation rates, not some arbitrary number a small number of people make up.