Re:Rents Fall and Listings Increase After Milei Ends Rent Co...
by s1artibartfast on Thursday September 26, 2024 @11:50AM
(#41659837)
Im against rent control in general, but agree that there are material differences in implementation.
For context, Argentina has had 50% inflation at the time rent control went into place, and inflation had increased to 250% in 2024. The rent control required 3 year contracts in Argentine currency only.
In my opinion, this was essentially a speed run of the effects of other rent control laws which limit rent increases to rates below inflation.
For context, Argentina has had 50% inflation at the time rent control went into place, and inflation had increased to 250% in 2024. The rent control required 3 year contracts in Argentine currency only.
In my opinion, this was essentially a speed run of the effects of other rent control laws which limit rent increases to rates below inflation.