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46 points CharlesW | 1 comments | | HN request time: 0s | source
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mhb ◴[] No.45785632[source]
Sanders thinks that nationwide rent control is the solution to housing affordability. Why would anyone pay attention to what he thinks?
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HaZeust ◴[] No.45786106[source]
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.

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1. mhb ◴[] No.45786130[source]
> Can you share where you've seen him say that?

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