As a conservative I am deeply troubled by President Biden’s recent announcement to move forward with radical national rent control policies.
This type of government intervention in the housing market not only undermines the property rights of landlords but also will discourage new construction and investment in housing, thus creating a shortage of rental properties.
Rent control policies have been proven to be ineffective and even harmful in the past.
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It creates an artificial market and distorts the natural supply and demand dynamics of the housing market.
It also limits the income of landlords and discourages them from maintaining and upgrading their properties.
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Furthermore, it can also make it harder for low-income families to move to better neighborhoods, as landlords are less likely to accept Section 8 vouchers or other forms of government assistance from tenants if they’re not getting the full market rate for their units.
As conservatives, we believe in the importance of a free market economy and the protection of property rights. We must oppose any attempts by the government to intervene and control the housing market.
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The solution to the affordability crisis is not to impose price controls but to increase the supply of housing through deregulation, tax incentives and other pro-growth policies.
The real estate industry is a business, not a charity, and landlords are not philanthropists. Rent control is a poorly thought out government idea that ignores the economic realities of being a landlord and would only serve to make the situation much worse.
— Ezra Wyrick (@Ezra4Liberty) January 26, 2023
Furthermore, It’s important to note that rent control doesn’t increase the housing supply and it only serves to protect current renters at the expense of future renters.
Rent control policies tend to benefit long-term tenants at the expense of new renters, who can have a harder time finding affordable housing.
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It is a dangerous proposition to impose nationwide rent control laws, as it will hurt landlords, discourage new construction and investment, and make it harder for low-income families to find affordable housing.
We must focus on policies that will increase the supply of housing and promote economic growth.
In conclusion, I strongly urge President Biden and Congressional Democrats to reconsider their support for national rent control policies.
This type of policy will only serve to harm the economy and make it harder for American families to find affordable housing.
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We need to focus on solutions that will truly address the housing crisis, such as deregulation and pro-growth policies, rather than harmful government intervention.
A totalitarian regime is not complete unless they continue taking control of Americans’ businesses. 50 progressive, lawmakers, including @SenWarren @RepAOC asked Biden to take rent control. https://t.co/uxkk74KdCG
— Real Hamlet Garcia (@Hamletgarcia17) January 25, 2023
Democrats in Congress are now pressing President Biden to impose rent control nationwide. https://t.co/OcHcz9KtlH
— Janie Johnson – America is Exceptional (@jjauthor) January 23, 2023
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