Biden's mental decline reflected in foolhardy policies -

 "During the previous presidential debate, Biden declared, “we’re going to make sure that we reduce the price of housing. We’re going to make sure we build 2 million new units. We’re going to make sure we cap rents, so corporate greed can’t take over,” 

AfterMath - Home (terrellaftermath.com)

Biden's mental decline reflected in foolhardy policies - Benjamin Ayanian

. . ."And any politician who grasps a few basic economic principles knows that capping rents leads to a shortage of housing and harms renters. While that seems counterintuitive, it’s true. High prices signal that demand is oustripping supply, which incentivizes developers and investors to create more housing in attempts to capture a slice of the potential profits. As more housing is developed and supply increases relative to demand, then prices moderate. By capping rents, the government distorts the signal that would otherwise tell developers to build more housing. Instead of new developments coming online, current landlords will cease providing upkeep services to the same extent since it will become unprofitable at capped rents, and others will transform their buildings into office spaces, luxury apartments, or other entities typically exempt from rent control. The result is a shortage of housing and higher prices in the long run.  

This is not just theory. It has played out time and time again. 

Ever wonder why rent is so high in some areas? Because there isn’t enough housing! Rent control would make the root problem worse. And Biden’s plan to build more government-funded housing merely redistributes taxpayer dollars through inefficient bureaucracies. If prices were allowed to fluctuate properly, and developers were not unduly restricted by city governments, then the private market could far more efficiently create the housing demanded.