> They end up having the opposite effect by making property owners less willing to rent out to anyone.
Yes, good! Then they will sell their bloody housing stock and people can BUY them instead
> They end up having the opposite effect by making property owners less willing to rent out to anyone.
Yes, good! Then they will sell their bloody housing stock and people can BUY them instead
That assumes that everyone who wants housing can afford to buy it rather than rent it. It also assumes that everyone who wants housing even wants to buy it.
"Sorry bud, I know you just wanted a place to live while you went to college in this city but if you're not ready to buy a house we don't want you here"
If all the properties owned by career landlords were returned to be sold, the value (and price) of property would go down.
This idea that ubiquitous rental (which is normally at obscene prices any way) makes cities more accessible to live in is nonsense. Landlords are creating the problem that they state they are fixing
This is true, the prices do drop. In Amsterdam at least it meant low income renters getting evicted so that people with roughly 2x their income could buy their former homes. https://www.youtube.com/watch?v=t05cFv02pzY is an interesting discussion of this.