Argentina Scrapped Its Rent Controls, here's what happened next(wsj.com)
wsj.com
Argentina Scrapped Its Rent Controls, here's what happened next
https://www.wsj.com/world/americas/argentina-milei-rent-control-free-market-5345c3d5
4 comments
This 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.
Now the market is thriving, for rich people...
Of course to the WSJ, no one else is really even human 8-/
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...
https://www.theguardian.com/world/2024/sep/27/poverty-rate-a...
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.