• SkepticalButOpenMinded@lemmy.ca
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    1 year ago

    Don’t worry, there isn’t a rent control anywhere in Canada that’s “frozen in amber”. I’m reminded of the economist Lawrence Summers who gave an example of worrying about the wrong thing in policy: “I’m overweight and I need to lose weight. It’s true that if I lose too much, I could starve to death and die, but that’s not my problem.”

    Rent being too low is not our problem.

    • Pxtl@lemmy.ca
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      1 year ago

      Rent controlled apartments are still capped at 2.5% increase per year.

      Yes, while anybody who is not in a rent controlled unit is facing a bloodbath, plenty of people are seeing their rents go down once you figure in inflation. It’s just that “dog doesn’t bite man” is even less of a news story than “dog bites man”.