Good. Investors rather than inhabitants owning homes is a huge part of why rent and property prices have skyrocketed.
they will do the bare minimum to keep the building functioning
They already do that in order to maximize profits.
there is no incentive to improve the building.
Ever heard of this new thing called laws and regulations? It’s the only “incentive” that actually DOES work to correct the behavior of greedy slumlords.
Letting them keep increasing the already obscenely high rents just means more profits for them in return for no benefit for anyone else.
Good. Investors rather than inhabitants owning homes is a huge part of why rent and property prices have skyrocketed.
They already do that in order to maximize profits.
Ever heard of this new thing called laws and regulations? It’s the only “incentive” that actually DOES work to correct the behavior of greedy slumlords.
Letting them keep increasing the already obscenely high rents just means more profits for them in return for no benefit for anyone else.