Argentina Scrapped Its Rent Controls, here's what happened next
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Re: Argentina Scrapped Its Rent Controls, here's what happened next
#2This seems highly dubious. The supply of rental housing in Buenos Aires has jumped by 195.23%. There is no way that much new housing was built, so something structural was converted to housing. My guess is increasingly poor people opening up their homes to people renting rooms.
Re: Argentina Scrapped Its Rent Controls, here's what happened next
#3Now the market is thriving, for rich people...
Of course to the WSJ, no one else is really even human 8-/
Re: Argentina Scrapped Its Rent Controls, here's what happened next
#4Now the market is thriving, for rich people... Of course to the WSJ, no one else is really even human 8-/
The rich people probably already own their home.
Re: Argentina Scrapped Its Rent Controls, here's what happened next
#5We don’t need price cap on rents. What we do need is a tax policy that progressively taxes the more single family homes an entity owned.
Living in your own home as primary residence means you pay slightly lower property tax. The more homes one owns, the higher the % property tax becomes.
This disincentivizes hoarding of homes as a speculative financial instrument.
Mortgage tax deduction for investors who own homes for investment should be gone.
Re: Argentina Scrapped Its Rent Controls, here's what happened next
#6Re: Argentina Scrapped Its Rent Controls, here's what happened next
#7Now the market is thriving, for rich people... Of course to the WSJ, no one else is really even human 8-/
The rich people probably already own their home.
And the 12 that they're renting out...
https://www.theguardian.com/world/2024/sep/27/poverty-rate-a...