Kamala HarrisVerified account

Welcome to the ghetto, price controls always lead to shortages. Socialism fails every. Single. Time.

It’s great for potential landlords to invest in other states. Government controlled housing. Great political issue to run on. The government does just about everything wrong.

Supply of housing will dry up as investment stalls, quality will quickly decline, and richer people will begin hoarding. So when there's zero space left for the remainjng poor population they'll be left with housing with higher rent prices than there would've been otherwise.

On the bright side, 49 other states may get to see what it does at the state level before deciding whether to vote for the person who wants to do this nationally. Thanks for taking one for the team, Oregon.

Develop more housing. More supply lower prices.

The more housing they build here the higher the rent and homelessness increases

Old bad ideas recirculating. Government enforced rent control create scarcity for the poorest consumers. Investors stop investing in rentals. Govt then blames the private market for an issue it created. What next, low income high rises? Ask Chicago how that worked out.

So how do you make rent affordable in markets where demand far exceeds capacity? So some research on ‘inequality of bargaining power’.