I don’t think it has to be that complex. Here in the Netherlands, we have a system that non-luxury houses get points and the number of points determines the maximum rent.
It’s not perfect, but for many decades it worked quite well.
A reform is now being proposed to extend the system to middle class housing.
Complex and subjective systems are risky, precisely because they provide opportunities to cheat.
I don’t think it has to be that complex. Here in the Netherlands, we have a system that non-luxury houses get points and the number of points determines the maximum rent.
It’s not perfect, but for many decades it worked quite well.
A reform is now being proposed to extend the system to middle class housing.
Complex and subjective systems are risky, precisely because they provide opportunities to cheat.
Simple is best.
Simpler is always best but we have 41 states that are larger then the Netherlands. That is a wide range of markets.