Why No Rent Control

No Rent Control

Rent control hurt home owner property rights.

    • It's a serious violation of the constitution fifth amendment: The 5th Amendment further protects property, by stating: “No person shall be … deprived of life, liberty, or property, without due process of law; nor shall privateproperty be taken for public use, without just compensation.”

Rent control hurt the overall tenant group by only benefit the original one

    • Only protect one tenant with lower rent but make the rental unit unavailable for future tenants which hurts the tenant group overall

Rent Control hurt free market

    • Free market is an economic system in which prices are determined by unrestricted competition between supply and demand

Rent Control hurt healthy inventory and cause higher rent

  • Research show rent control greatly reduce inventory and cause more issues in supply
  • Statistically, city in rent control area has higher rent than area with no rent control

Rent Control Hurts the overall real estate market and house pricing

  • It reduce the desirability of the real estate market and hurt the house pricing
  • It hurt the homeowner group.

Rent Control hurt the motivation of home ownership, investor interest and developer interest

  • No new inventory and once the rental unit consumed, due to lack of supply, the rent inevitably become very high
  • Lower income tenant will be forever out of the market and no able to come back

Rent Control hurt relationship between tenant and house providers

  • The house providers was forced to increase rent annually to avoid behind the market price
  • Traditionally many house providers have very stable relationship with their good tenants and not increase the rent all the time

Rent Control hurt American Dreams

  • For the lower rent, the tenants stick into an old condo without upgrade their living environment or even purchase a house
  • This is greatly hurt the American Dream Spirit for people to

Rent Control Restrain the motivation of house provider to remodel or upgrade the rental property

  • With the lower rental income and longer term tenant occupancy, it's hard for homeowner to do any remodeling work