Sanders: Government should break up OpenAI

Sanders thinks that nationwide rent control is the solution to housing affordability. Why would anyone pay attention to what he thinks?

He thinks that is one part of the solution so you’re obviously not arguing in good faith.

Sanders thinks that nationwide rent control is part of the solution to housing affordability. Why would anyone pay attention to what he thinks?

I've never heard him say that he believes rent control will solve housing affordability. Can you share where you've seen him say that?

I've seen him say it will prevent landlord exploitation, but by definition - almost any pragmatic appliance of rent control will admit a goal of cheaper month-to-month rent. At present, a lot of rental properties have a monthly payment that are equal to - or sometimes more - than mortgage payments for similar* offerings in the same area.

It then follows logically that if rent control leads to cheaper rent, and a lot of rent costs are presently equal to or more than mortgage payments, then it makes renting affordability easier - and housing affordability is still innately more expensive. Rent control is a rent solution, and I guess it makes RENTAL of housing more affordable - which is good. But it's not a solution for the costs of buying houses.

> Can you share where you've seen him say that?

https://www.cato.org/blog/folly-bernie-sanders-national-rent...

> At present, a lot of rental properties have a monthly payment that are equal to - or sometimes more - than mortgage payments for similar* offerings in the same area.

A lot? Where? You'd expect investors to be backing up the trucks for these properties if that were true.

Many countries and cities have effective rent controls

Econ 101 is not the last word on economics

There is a lot more to property I investments than mortgage rates

And how has that affected the housing supply, cost and quality?

No doubt. But ceteris paribus, that is of primary interest to many investors. But maybe you can elaborate instead of making sphinx-like pronouncements.