Why wouldn’t they be able to make a profit? The demand for housing wouldnt be any lower, they just can’t increase rent above what it was.
The barrier of entry would be lowered by greedier land lords deciding to sell rather than not being able to raise rent, so people who are slightly less greedy and willing to make only maybe a 300% profit instead of a 1000% profit would take over. Corporate landlords get flushed out to make room for smaller mom & pop owners.
Why wouldn’t they be able to make a profit? The demand for housing wouldnt be any lower, they just can’t increase rent above what it was.
The barrier of entry would be lowered by greedier land lords deciding to sell rather than not being able to raise rent, so people who are slightly less greedy and willing to make only maybe a 300% profit instead of a 1000% profit would take over. Corporate landlords get flushed out to make room for smaller mom & pop owners.