Earlier quoted context omitted.
No one is forcing these property owners to "rent units below cost;" they set the rents on their houses and apartments. The issue is that many of these people buy properties that are out of code with no intent to improve them, and then rent them anyway. Yes, it's not economically-rational to rebuild them. No, it's not the government's fault that the slumlord's business model depends on flouting code and safety violati…
>The simple answer is that if I can't afford to maintain a minimal level of environmental and residential standards, I'm not allowed to rent out my property. That's all well and good, but what happens to the people who are renting there, and what happens to the people who can't afford a place with "minimal level of environmental and residential standards"? Will those people be better off sleeping rough?
Everyone should have access to basic housing. If they do not that's a failure of government to provide a sufficient social safety net.