Hacker News Reader

IMHO the problem is the majority of new multifamily construction is rentals only. Rentals ran by international firms suck the life out of communities, as people cannot be part of a local community when rent hikes can force them to move every couple of years.

We need large scale multifamily housing for sale.

View on HN

> Rentals ran by international firms suck the life out of communities, as people cannot be part of a local community when rent hikes can force them to move every couple of years.

You can't believe that only international firms... raise rent? That's extremely ridiculous.

How bout some rent controls (max annual increase)… works (for the most part) in Montreal. Also Germany has limits.

No, thanks.

Generally speaking. It doesn't work.

You mean Americans can’t make it work?

Cuz it clearly works elsewhere to limit rent increases, so that renters don’t get pushed out of their residences.

Reply on news.ycombinator.com