> If the dollar gets devalued, other things will drop in price as well
When a currency is devalued, the price of things denominated in that currency increases.
> Laws can change in this case, as they have here. laws are a dynamic system
If you're going to pass a law allowing a rent increase every time the market would cause there to be a rent increase, I can suggest a much simpler alternative.
> If you are making money from rental properties only, that means you own properties (as well as your own house in theory). Not only are you more well off than almost all the population, but you have goods that are worth a lot of money that you can sell (maybe at a loss but you still have a roof over your own head).
That is not a valid assumption. Many small time landlords "own" the apartment building that they live in, but really the bank owns most of it and the rent is only enough to pay the mortgage and their own salary for managing the building. Require the rent to be capped at a level that causes the building to be worth less than the amount that you owe on the mortgage and there isn't anything for you to sell while you "still having a roof over your own head" -- you're just going to file for bankruptcy and have nothing.
When a currency is devalued, the price of things denominated in that currency increases.
> Laws can change in this case, as they have here. laws are a dynamic system
If you're going to pass a law allowing a rent increase every time the market would cause there to be a rent increase, I can suggest a much simpler alternative.
> If you are making money from rental properties only, that means you own properties (as well as your own house in theory). Not only are you more well off than almost all the population, but you have goods that are worth a lot of money that you can sell (maybe at a loss but you still have a roof over your own head).
That is not a valid assumption. Many small time landlords "own" the apartment building that they live in, but really the bank owns most of it and the rent is only enough to pay the mortgage and their own salary for managing the building. Require the rent to be capped at a level that causes the building to be worth less than the amount that you owe on the mortgage and there isn't anything for you to sell while you "still having a roof over your own head" -- you're just going to file for bankruptcy and have nothing.