There are already enough restraints and regulations regarding #rentcontrol. It should be kept balanced. Unnecessary regulations will deprive landlords of the necessary income required for regular maintenance and renovation, which will turn the existing housing into slums. Moreover, it’ll deprive them of the profit they have every right to earn in the process. One might argue about the right to file a petition if profit margins sink too low. But this whole process is very expensive, long, and uncertain. There is no guarantee that it’ll prove fruitful.

The affordable housing issue is becoming a crisis now, and placing all our eggs in one basket is not the way to go. We need a more comprehensive solution as opposed to investing all the available energy into rent control. Landlords are willing to discuss terms that can improve the current rent rates.

Rent control is a controversial strategy. It is anticipated to provide a disincentive for investment in the building of new housing schemes. Developers will be reluctant because of suppressed profits, creating a shortage of housing developments.

To improve #affordability, the state needs to assist tenants and focus on funding cheap housing projects instead of taking it all out on landlords. The present crisis is due to faulty policies of the state, and increasing regulations will only continue to divide the status quo. Landlords should not be squeezed in an effort to provide ease to the tenants.

Relying too heavily upon rent control puts the rights of the landlords in jeopardy. Also, in the long run, it will only agitate the housing shortage. The state should instead ease the regulations and promote building up of new projects so that this crisis might be solved more efficiently, and affordable housing is provided to all.