The only way rental housing would ever be truly affordable …
By Christina P.
The only way rental housing would ever be truly affordable is if there were ZERO rent subsidies for ANYONE – including private landlords. Without tax subsidies, rent prices would depend entirely on SUPPLY AND DEMAND (the TRUE “free market”), and so would have to be brought back down to rates that the majority of WORKING RENTERS could afford SOLELY ON WORKMEN’S WAGES. Whenever landlords attempt to price gouge, middle income renters quickly become HOME BUYERS, and so those landlords are forced to live completely off of their lower wage earning tenants (or else their apartments are illegally overcrowded with college students or extended “migrant families”). Landlords who become millionaires via rent subsidies (aka societal parasites) are THE reason I was first attracted to becoming a Ron Paul Libertarian.
Christina P. is owner/Manager of WWB