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Danoxtoday at 5:16 AM1 replyview on HN

Laughable the one thing that all the English speaking capitalistic countries share today is that most of its citizens most of whom don’t have rent control by the way are headed for a lifetime of being a renter all their life.

They are also headed towards paying more than 50% of whatever income they make to rent that’s the United States, Canada, Great Britain, Australia, New Zealand, and Ireland.

I can’t speak for the other countries, but in United States, the so-called luxury apartment is in fashion, and there is nothing luxury about them, except for the amount of money you will be charged to live there.

The shortage of affordable housing has nothing to do with rent control because over most of the country there is no real rent control effective rent control.

America is the land of luxury apartments currently popping up everywhere. What is also ironic is the fact that there are very few states that have anything like Prop 13 in California, which took a ballot initiative passed by the electorate and was not passed by the legislator’s who supposedly represent the people in short, there will be nothing forthcoming for the majority of people across the country. It’s sink or swim for most you are on your own in poverty.


Replies

WalterBrighttoday at 7:05 AM

> The shortage of affordable housing has nothing to do with rent control

Oh, it absolutely does. The abandonment of rent properties in NYC is ample evidence.