669
Democrats in denial over Trump defeat, voters say: ‘Haven’t learned the lessons’
(www.theguardian.com)
this post was submitted on 18 Jan 2025
669 points (94.8% liked)
politics
19378 readers
3255 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That's why you only cap rents on buildings that have existed for some time.
Businesses do not plan for 30 years or more in the future. If landlords can't make an acceptable rate of return within 30 years, they're not going to build a new house or apartment building.
So you can attach rent control provisions to buildings that are over a few decades old, and it will have zero impact on the financing and construction of new housing. It will only affect buildings after they've long since been built and paid for.
You do have to worry about rent controls discouraging landlords from keeping buildings maintained. But that's why good rent control doesn't cap rent, but simply limit the rate of increase. If a landlord can afford to keep a building maintained today, they will be able to keep it maintained in the future, even if rent increases are capped to the rate of inflation.
If anything, smart rent controls like this actually encourage the construction of new housing. By limiting rent increases on old buildings, you encourage landlords to knock them down and replace them with bigger and newer buildings that can be rented at any rate. In unregulated markets, landlords can increase profits by colluding to suppress the construction of new housing stock. Why invest the money in new buildings if you can just increase the rents on existing buildings by conspiring to prevent new buildings from being built? Smart rent controls mean that if landlords want to see their profits increase at any rate higher than inflation, then they will need to actually build new housing units.
Can ypu provide an academic source that supports your claim regarding "smart rent controls" or are you just pulling this from the ether?
I would suspect that once you knock down a building you'll replace it with luxury housing as you'll profit much faster as construction is remarkably expensive. I suspect the results of ypur idea is many times fewer affordable homes being available in the long run as landlords are continually looking to make back their latest investment.