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To: austinTparty
Abolish rent control...

. . . in Texas.

44 posted on 08/10/2003 10:35:50 AM PDT by firebrand
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To: firebrand
Everywhere. Rent control does not keep rents low. It prices some apartments at abnormally low prices, forcing prices up sky-high for the others. It's like a balloon, push down on one side, it over-inflates on the other.

Additionally, rent control takes away any incentive for landlords to properly maintain their property, causing run-down conditions in many buildings. Rent-controlled apartments are passed along from friend and relative to friend and relative. I knew a doctor in New York who was paying less than $600 for a 2-bedroom apartment in the upper West Side. It is a socialist device, which like all socialist devices, is full of good intentions--but leads to bad outcomes. The law of unintended consequences.

46 posted on 08/10/2003 11:40:15 AM PDT by austinTparty
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