Bad Idea: Rent Control

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No incentive to fix up the place

The Legislature in New York state is looking to return tens of thousands of apartments from market rates to rent controlled rates.

In addition, the legislation would reduce to 10 percent, from 20 percent, the amount that a landlord can increase the rent after an apartment becomes vacant; limit the owner’s ability to recover a rent-regulated apartment for personal use; and increase fines for landlords who are found to have harassed their tenants as a way of evicting them.

How is this legal? Isn’t it a state taking?  I just don’t understand lawyers and law if they can find a hidden right to kill babies in the Constitution but something that patently violates the 4th amendment is permitted to flourish.

I just don’t get it.

Why don’t landlords just ignore it?   Because the government has guns and a monopoly on force. And wasn’t that what the Constitution was designed to protect us from?

I just don’t get it. I never will I suppose.