As a disclosure, MHProNews has argued for years that however good it sounds, rent-control doesn’t work in practice. That noted, as the affordable housing debate is only growing, and some are pushing rent control as a ‘solution,’ this morning the Daily Business News on MHProNews hereby presents two videos on opposite sides of the rent control debate. We’ll close with a link to one of our own reports on the topic.
The first video spotlights in a somewhat lighthearted way the growing affordable housing crisis, and goes through some notable facts, mixed with debatably opinions, and which ends with the presenter’s argument for rent control. In fairness, the stats near the start of her video are largely useful.
The next is a shorter video that explains why rent control does not work in practice.
The National Association of Realtors Chief Economist Lawrence Yun, Ph.D, made the point that only more housing supply can successfully address the problem of rising housing cost in a free market fashion.
HUD Secretary Ben Carson made a similar argument, and specifically proposed manufactured homes as part of his prescription for a better America.
If you are a manager or owner of a company, it is prudent to have your staff understand issues like rent control. The more people you have working in your company, the more likely you will have some that think rent control is a good idea. Facts and reason can help those who believe that rent control is a solution, when history has repeatedly shown that it is not.
Affordable housing is likely to shape up as a 2020 issue. Expect rent control arguments to be part of that slippery ‘debate.’ See related reports, further below.
That’s this morning’s pre-dawn episode of “News through the lens of manufactured homes, and factory-built housing” © where “We Provide, You Decide.” © ## (News, analysis, and commentary.)
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