RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Suicidal Bernie Sanders Wants to Impose National Rent Control Mon Feb 03, 2020 4:49 pm | |
| residential candidate Bernie Sanders wants to impose national rent control. He unveiled the policy proposal last September and recently reiterated his support via Twitter.
Sanders proposes a national cap on annual rent increases to 1.5 times the rate of inflation or 3 percent—whichever is higher.
Ironically, the article Sanders tweeted out attributes increasing rent prices, in part, to government control over the private housing market. This irony reinforces what many economists already know to be true: the left’s prescriptions for lowering housing prices are precisely what keeps prices high and supply low.
Rent control would be a flagrant infringement of American property rights and a vast expansion of the federal government's control over the private housing market.
https://townhall.com/columnists/isabellemorales/2020/02/02/bernie-sanders-wants-to-impose-national-rent-control-n2560534?fbclid=IwAR1Eftt_9L8aQZYQkBf0lfc4MBqxzacrz7W_nOHekxUcWh41SyWnnQlBdfY
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