Comment Detail
Date: 07/26/23 First Name: Michael Last Name: Resau Email: mresau@res1.net Organization Type: other Organization: Residential One LLC Comment
No amount of government intervention can fix the issues with the housing market other than supporting the development of more supply. Prices go up due to demand. Increasing supply will decrease demand. This is a capitalist system. Help it work as such. Setting rent restrictions decreases supply as new developments are not worthy of investment with capped benefits. Prohibition of non-performance or behavior based lease termination will only deepen losses as there becomes less incentive for those who would otherwise comply to continue complying. Deepening losses forces cuts to expenses which means worsening living conditions and potential closures of housing. Worsening conditions and closures lead to a decrease in viable supply and the downward spiral continues. Only true market competition can resolve the issues residents and landlords face. You can best serve the Country by supporting growth in construction.
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