What is really crazy is that the advocates for this don’t realize how badly this hurts individual renters.
I rent for a host of reasons. It makes sense for me.
I paid for a year at once at a former property and negotiated a discount on monthly rent when I did that. I have a neighbor in my building who signed a long-term, multiyear lease with a good monthly rate.
Put in rent control and these types of opportunities disappear, not to mention declines in service and keeping buildings up to date if costs outpace rental income.
20 million illegals hurts a lot more.