Earlier quoted context omitted.
How do rent freezes encourage building owners to reinvest? They can't raise the rent to recover the cost of any improvements they make. And new buildings would presumably be at risk of becoming rent controlled which reduces or eliminates profits. From my understanding rent controls just encourage maintenance at the lowest possible level. Neither do high tax rates on businesses encourage (re)investment. They reduce th…
Have you ever lived anywhere? Maintenance at the lowest level possible is the soup du jour my friend.
And rent control makes it worse.