alt Hacker NewsWhy would this help affordability? If you restrict who can operate rentals, that will inevitably shrink the supply of rentals, which will raise rents.
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This will release homes on the market, which will lower the prices, causing the rents to drop.
but it'll lower mortgages, which will lower rents.
>that will inevitably shrink the supply of rentals
As someone that's renting because buying is impossible i think this would be fantastic. They should do it with Airbnb too.
Not American or in the US, this is problem everywhere now. People thinking they're entrepreneurs for gouging.
People will come up with all kinds of reasoning, its the property tax, it's migrants, its minimum wage, it's millennials, it's inflation ,when ultimately it's just that landlords will charge whatever they think they can get away.
and sometimes they'll try to charge in other ways...
https://www.irishtimes.com/ireland/housing-planning/2025/02/...
Would it not also lower house prices, causing would-be renters to buy instead, reducing demand for rentals?