Quote:
Originally posted by Mmmm, Burger (C.J.)
Why? Because with rent control, it's precisely the same use, just by a different person, that changes the value. If I can rent to a tenant for $500 or $2000, why should I be forced to rent to the $500 person (assuming a lease is up)? Put differently, is it right that the value of a property can quadruple simply because someone moves out or dies? That seems like a non-sensical form of regulation.
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Exactly. Many poor people need lawyers, and don't get them, but we would be screaming if the feds decreed that every lawyer had to work for twenty hours per week for the poor at $10 per hour. If this is a social need, then the cost should be borne by society, and not simply by the holder of the asset that is undersupplied.
