The Nordics I think figured out a solution to this,
You might be familiar with all the classic arguments decrying rent controls for causing supply shortages as people refuse to give up their RCd housing,
Well up in northern Europe they don’t have rent control, they have rent hike control, basically you can only raise rent by a given percentage at most per year, in the US, we could tie that percentage cap to the percent change change in federal interest rates, pass some of that market rally back to the consumers since a rate drop leads to a mandatory profit margin drop to match.
The Nordics I think figured out a solution to this,
You might be familiar with all the classic arguments decrying rent controls for causing supply shortages as people refuse to give up their RCd housing,
Well up in northern Europe they don’t have rent control, they have rent hike control, basically you can only raise rent by a given percentage at most per year, in the US, we could tie that percentage cap to the percent change change in federal interest rates, pass some of that market rally back to the consumers since a rate drop leads to a mandatory profit margin drop to match.
The French did too, it’s called the guillotine.