Those who are hindered by this rule are those who buy a second house and rent out their first house as a rental property. These are your typical Mom & Pop landlords. Unlike the corporate-run large box apartment complexes, these are the people who typically rent out single-family homes. These are the folks you rent from that never raise the rent until you leave.
Perhaps you are right, maybe we should not encourage the mom & pops. The better approach is to allow all investment property to end up in the hands of corporate entities. To hell with the little guy.
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Oh joy! So instead of being able to buy my own place, I can instead rent from some rich ‘mom and pop’ a-holes who were able to drive up the prices of multiple homes on the backs of government subsidies funded by me and other taxpayers. No thanks. I say end all housing subsidies so that the average person can afford a house again.
BTW, the only people I see raising rents these days are those same ‘mom and pops’ you speak so lovingly of. These are the same f***heads who will charge you a deposit equal to two months’ rent. I’ll stick to the big corporations and not get ripped off. Besides, the big corporations are actually lowering rents.
